Mosser$$ Corporation's common stock paid $ $2\mathrm{.}37$ in dividends last year and is expected to grow indefinitely at an annual $5$ percent rate. What is the value of the stock if you require a return of $10$percent$?$

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Part $1$

The value of the Mosser$$ Corporation's common stock is $$$

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enter your response here. $($Round to the nearest$$ cent.$)$