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The required rate of return is20.15percent.WildhorseCorp. has just paid a dividend of $3.12 and is expected to increase its dividend at a constant rate of9.35percent.

The required rate of return is20.15percent.WildhorseCorp. has just paid a dividend of $3.12 and is expected to increase its dividend at a constant rate of9.35percent. What is the expected price of the stock three years from now?(Round answer to 2 decimal places, e.g. 15.20.)

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