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Woidtke Manufacturing's stock currently sells for $19 a share. The stock just paid a dividend of $2.75 a share (i.e., D0 = $2.75), and the

Woidtke Manufacturing's stock currently sells for $19 a share. The stock just paid a dividend of $2.75 a share (i.e., D0 = $2.75), and the dividend is expected to grow forever at a constant rate of 6% a year. What stock price is expected 1 year from now? Round your answer to the nearest cent

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