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Consider a stock that will have price of $54.55 one year from now and pay a dividend of $1.23 in one year. The expected rate

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Consider a stock that will have price of $54.55 one year from now and pay a dividend of $1.23 in one year. The expected rate of return is 6.2%. What is the current price of the stock? Enter your response below rounded to 2 DECIMAL PLACES

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