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Consider a stock that will have price of $ 4 7 . 9 3 one year from now and pay a dividend of $ 1

Consider a stock that will have price of $47.93 one year from now and pay a dividend of $1.25 in one year. The expected rate of return is 10.5%. What is the current price of the stock?
Enter your response below rounded to 2 DECIMAL PLACES.
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