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Consider a stock that will have price of $33.93 one year from now and pay a dividend of $1.15 in one year. The expected rate

Consider a stock that will have price of $33.93 one year from now and pay a dividend of $1.15 in one year. The expected rate of return is 5.9%. What is the current price of the stock?

Enter your response below rounded to 2 DECIMAL PLACES.

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