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stock is expected to pay a dividend of $3.00 at the end of the year (i.e., D1=$3.00 ), and it should continue to grow at

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stock is expected to pay a dividend of $3.00 at the end of the year (i.e., D1=$3.00 ), and it should continue to grow at a constant rate of 9% a year. If its required eturn is 13%, what is the stock's expected price 5 years from today? Do not round intermediate calculations. Round your answer to the nearest cent

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