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Vallboard Inc, plans to pay a dividend in one year ( Div 1 ) of 0 . 9 5 , the dividend growth rate (

Vallboard Inc, plans to pay a dividend in one year (Div1) of 0.95, the dividend growth rate (g) is expected to be 2.5%, and the required rate of return (r) for the firm's stock is.8.3%. What is the stock price $ q,, according to the constant growth dividend model? (Round to cents, e.g., input 28.92 for $28.92)
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