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BIGDIV will pay a $9 dividend next year, then a constant dividend $3.12 for the next 5 years. Starting in year 7, dividends will have

BIGDIV will pay a $9 dividend next year, then a constant dividend $3.12 for the next 5 years. Starting in year 7, dividends will have a constant growth rate of 1.9%. Your required rate of return for this stock is 8%. What is a fair price for BIGDIV stock? *Please enter your answer to the nearest penny

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