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Harrison Clothiers' stock currently sells for $36 a share. It just paid a dividend of $1 a share (that is, D0 = 1). The dividend

Harrison Clothiers' stock currently sells for $36 a share. It just paid a dividend of $1 a share (that is, D0 = 1). The dividend is expected to grow at a constant rate of 9% a year.

What stock price is expected 1 year from now? Round your answer to two decimal places.

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