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Financial analysts forecast Safeco Corp.s (SAF) growth rate for the future to be 7 percent. Safecos recent dividend was $1.80. What is the value of

Financial analysts forecast Safeco Corp.s (SAF) growth rate for the future to be 7 percent. Safecos recent dividend was $1.80.

What is the value of Safeco stock when the required return is 9 percent? (Round your answer to 2 decimal places.)

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