(Stocks)A stock with a beta of 2.71is expected to pay a $2.24 dividend over the next year. The dividends are expected to grow at 1.88% per year forever.What is the stock's value per share (to the nearest cent, no $ symbol) if the risk-free rate is 0.23 and the market risk premium(i.e., the difference between the market return and the risk-free rate) is 7.37%?

Note: You first need to find the required rate of return (r) using the CAPM equation.

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