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Use the Dividend Growth Model to compute the expected price of a stock today. Each share just paid a dividend of $ 5 . 6

Use the Dividend Growth Model to compute the expected price of a stock today. Each share just paid a dividend of $5.60. Investors' annual required rate of return is 15.1%, and the expected growth rate of the dividend is 5.4% per annum. Answer to the nearest penny.
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