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NU Inc. just paid an annual dividend of $2. NU Inc. is planning to increase the dividends at a rate of 5% in the next

NU Inc. just paid an annual dividend of $2. NU Inc. is planning to increase the dividends at a rate of 5% in the next 5 years, then at a rate of 1% indefinitely. What is the stock price now if the discount rate is 8%? (Keep two decimal places)

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