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ou expect a stock to pay annual dividends of $1.39,$1.16, and $1.87 ineach of the next three years, with the first dividend payment occurring one

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ou expect a stock to pay annual dividends of $1.39,$1.16, and $1.87 ineach of the next three years, with the first dividend payment occurring one year rom today, You also mpect a stock price of $33.19 immediately after the stock pays the third anmual dividend ffe, exaetly three years from todant. If the tock's required rate of return is 6%. what is a fair price for the stock today? Round your answer to the nearest penny

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