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Assume a stock has the following feature: Current Dividend = $3 Expected growth in dividends = 0 (i.e., constant dividend) Discount rate = 4% What

Assume a stock has the following feature:

Current Dividend  = $3

Expected growth in dividends = 0 (i.e., constant dividend)

Discount rate = 4%

What is the current  price of this stock using the DCF model?

State your answer without the dollar sign or commas.

Round your answer to the nearest penny.

Example answer format  45.69

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