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Given the following information, what is TODAYs stock price? Todays Dividend = $3.25 Expected Growth rate in dividends = 2.08 Discount Rate (Required return) =

Given the following information, what is TODAYs stock price?

Todays Dividend =	$3.25
Expected Growth rate in dividends =	2.08
Discount Rate (Required return) =	5.51

Calculate your answer to the nearest penny (e.g., 2.51)

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