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Use the Dividend Growth Model to compute the expected price of a stock today. Each share is expected to pay a dividend of $ 6

Use the Dividend Growth Model to compute the expected price of a stock today. Each share is expected to pay a dividend of $6.16 in one year. Investors' annual required rate of return is 16.3%, and the expected growth rate of the dividend is 3.8% per annum. Answer to the nearest penny.
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