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Question ABC stock just paid $3.50 in dividends per share. If the required return is 5.25% and the dividends are expected to grow at 2.4%,

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Question ABC stock just paid $3.50 in dividends per share. If the required return is 5.25% and the dividends are expected to grow at 2.4%, how much is this stock worth today? (Round your answer to the nearest hundredth; two decimal places)

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