Use the Dividend Growth Model to compute the expected price of a stock in $3$ years. Each share is expected to pay a dividend of $$8\mathrm{.}48$ in one year. Investors' annual required rate of return is $9\mathrm{.}5\%,$ and the expected growth rate of the dividend is $5\mathrm{.}2\%$ per annum. Answer to the nearest penny.

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