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Spades, Inc. paid a dividend of $3 today (at time t=0). Similar stocks yield 8% and the growth rate ( g ) is 3%. Estimate

Spades, Inc. paid a dividend of $3 today (at time t=0). Similar stocks yield 8% and the growth rate (g) is 3%.

Estimate the stock price 5 years from today.

Round your answer to 2 decimal places. (For example 3.758 = 3.76)

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