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Goucher, Inc. expected to pay $1.85 in dividends next year for its common stock, and at the end of the year the market price is

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Goucher, Inc. expected to pay $1.85 in dividends next year for its common stock, and at the end of the year the market price is expected to be $51.20. What is the current stock value if the required rate of return for the stock is 9? The current value of the stock is $ (Round to the nearest cent.)

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