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NU Inc. has been paying an annual dividend of $2.2. NU Inc. is planning to start increasing the dividends after 5 years with a growth

NU Inc. has been paying an annual dividend of $2.2. NU Inc. is planning to start increasing the dividends after 5 years with a growth rate of 4.9%. What is the stock price now if the discount rate is 7.7%? (Keep two decimal places)

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