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Financial analysts forecast Safeco Corp.'s (SAF) growth rate for the future to be 10 percent. Safeco's recent dividend was $1.45. What is the value of

Financial analysts forecast Safeco Corp.'s (SAF) growth rate for the future to be 10 percent. Safeco's recent dividend was $1.45. What is the value of Safeco stock when the required return is 12 percent? (Round your answer to 2 decimal places.)

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