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Jamison Insurance's stock currently sells for $16.00 a share. It just paid a dividend of $0.60 a share (that is, D0=$0.60). The dividend is expected

Jamison Insurance's stock currently sells for $16.00 a share. It just paid a dividend of $0.60 a share (that is, D0=$0.60). The dividend is expected to grow at a constant rate of 6% a year. What stock price is expected one year from now? (Answer to the nearest cent. i.e. one thousand dollars would be entered 1000.00)

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