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Question 2 1 pts XYZ, Inc. is expected to pay a dividend of $8.37. The dividends are expected to grow at 9.77% each year

Question 2 1 pts XYZ, Inc. is expected to pay a dividend of $8.37. The dividends are expected to grow at 9.77% each year forever. The required rate of return on the stock is 20.98%. What is today's price of the stock? Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.

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