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Coca Cola just paid a dividend of $2.61 a share and will pay an annual dividend of $2.65 a share on their common stock next

Coca Cola just paid a dividend of $2.61 a share and will pay an annual dividend of $2.65 a share on their common stock next year. The company has a dividend policy where it adheres to a constant rate of growth. What is the expected price for one share of Coca Cola stock 9 years from now if your opportunity cost is 18% per year? Round your answer to the nearest penny.


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