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Calculate the price of SRM based on the current dividend of $1.30 and a dividend growth rate of 3.5 percent. (Round intermediate calculations to 5

Calculate the price of SRM based on the current dividend of $1.30 and a dividend growth rate of 3.5 percent. (Round intermediate calculations to 5 decimal places, eg. 21.36125 and the final answer to 2 decimal places, e. . 21.36.)

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