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The next year the common stock of Gold Corp. will pay a dividend of $6.10 per share. If the company is growing at a rate

The next year the common stock of Gold Corp. will pay a dividend of $6.10 per share. If the company is growing at a rate of 4.68 percent per year, and your required rate of return is 9.62 percent, what is Gold's company stock worth to you?

Round the answer to two decimal places.

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