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Stock B is expected to pay a quarterly dividend of $1.2 per share next quarter (in exactly one quarter from today), and dividend growth rate

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Stock B is expected to pay a quarterly dividend of $1.2 per share next quarter (in exactly one quarter from today), and dividend growth rate is expected to be 1% per quarter. If investors discount future dividends at 8%, the current stock price should be $ (Please fill in a number and keep one decimal place)

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