Pointer Golf Resort, Inc. just paid a dividend of $$1\mathrm{.}75$ per share on its stock. The dividends are expected to grow at a constant rate of $7\mathrm{.}5$ percent per year, indefinitely. If the required rate of return on this type of stock is $10$ percent, what should the company's stock price be in $9$ years? Give your answer in dollars and cents.

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