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Dungeons and Dragons Gaming Co. is expected to pay a dividend in year 1 of $1.8, a dividend in year 2 of $2.2, and a

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Dungeons and Dragons Gaming Co. is expected to pay a dividend in year 1 of $1.8, a dividend in year 2 of $2.2, and a dividend in year 3 of $3.6. After year 3, dividends are expected to grow at the rate of 4.8% per year. An appropriate required return for the stock is 13%. Using the multistage dividend discount model, what should be the price of the stock today? Enter your answer to 2 decimal places

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