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Given the following information, what is the stock price in period 1? Today's Dividend = $3.58 Expected Growth rate in dividends 3.33 = Discount Rate

Given the following information, what is the stock price in period 1? Today's Dividend = $3.58 Expected Growth rate in dividends 3.33 = Discount Rate (Required return) 5.16 Calculate your answer to the nearest penny (e.g., 2.51)

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