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RoundAbout Corporation common stock paid $2.7 in dividends last year and is expected to grow its dividends indefinitely at an annual 3%. What is

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RoundAbout Corporation common stock paid $2.7 in dividends last year and is expected to grow its dividends indefinitely at an annual 3%. What is the value of the stock if you require an annual rate of return of 9%? Round your calculations to the nearest $0.01, i.e., two decimal places.

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