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PeteCorp's stock has a Beta of 1.18. Its dividend is expected to be $3.33 next year, and will grow by 5% per year after that

PeteCorp's stock has a Beta of 1.18. Its dividend is expected to be $3.33 next year, and will grow by 5% per year after that indefinitely. Assume the risk-free rate is 4%, and the Market Risk Premium is 9%.

The stock price would currently be estimated to be $________.

Margin of error for correct responses: +/- .05

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