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Recently, Pavilion Inc. paid a common stock dividend (D0) of $3.28. Their dividends are expected to grow by 9% per year for the foreseeable future.

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Recently, Pavilion Inc. paid a common stock dividend (D0) of $3.28. Their dividends are expected to grow by 9% per year for the foreseeable future. If this growth rate is accurate, what will Pavilion's dividend be 12 years from now? Calculate Pavilion's D12 and enter it in the space provided. (Round your answer to 2 decimal places.)

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