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The most recent dividend was $1.05. The expected dividend growth for years 1 to 10 is 9.1% per year. If the cost of equity is

The most recent dividend was $1.05. The expected dividend growth for years 1 to 10 is 9.1% per year. If the cost of equity is 5.4%, what is the value of the growing dividends from year 1 to 10 at time year 0 (Answer in $ to 2 decimal places, 3.24 for $3.24)?

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