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Williams Inc. PAID a $3.5 dividend YESTERDAY and that dividend is expected to grow at 3.7% every year thereafter (indefinitely, i.e. forever). If the discount

Williams Inc. PAID a $3.5 dividend YESTERDAY and that dividend is expected to grow at 3.7% every year thereafter (indefinitely, i.e. forever). If the discount rate is 9.6%, what would be the present value of the expected dividend stream (aka the expected price of the firm's stock)? Answer to 2 decimal places.

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