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An issue of common stock's most recent dividend is $ 4 . 1 5 . Its growth rate is 4 . 0 % . What

An issue of common stock's most recent dividend is $4.15. Its growth rate is 4.0%. What is its price if the market's rate of return is 9.6%?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

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