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Consider a stock that will pay out a dividends over the next 3 years of $ 1 . 3 5 , $ 1 . 8

Consider a stock that will pay out a dividends over the next 3 years of $1.35,$1.8, and $2.2, respectively. The price of the stock will be $35.92 at time 3. The
interest rate is 12.5%. What is the current price of the stock?
Enter your response below rounded to 2 DECIMAL PLACES.
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