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Suppose Uber announced that it will give $ 1 . 7 5 dividend to it common stockholders next year. It also said that it plans

Suppose Uber announced that it will give $

1.75

dividend to it common stockholders next year. It also said that it plans to grow future dividends

7 %

annually for the foreseeable future. If you require a

9 %

return on your investment, how much are you willing to pay for the stock?

(

Round your answer to two decimal point

)

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