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Consider a stock that will have price of $37.59 one year from now and pay a dividend of $1.41 in one year. The expected rate

Consider a stock that will have price of $37.59 one year from now and pay a dividend of $1.41 in one year. The expected rate of return is 6.9%. What is the current price of the stock?

Enter your response below rounded to 2 DECIMAL PLACES.

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