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The required rate of return from the share of a company is 12%. If the expected next dividend to be paid is $3.84 per share

The required rate of return from the share of a company is 12%. If the expected next dividend to be paid is $3.84 per share and the constant growth rate in dividend is 6.79% that will continue forever, what would be the value of the share today?

(Do NOT use negative sign to the answer, which should be rounded to 2-decimal places)

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