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XYZ Company has paid a dividend of $4 per share, its growth rate is estimated to be 6% per year, and its stock's beta is

XYZ Company has paid a dividend of $4 per share, its growth rate is estimated to be 6% per year, and its stock's beta is 1.4. The current ten year treasury bond is 2.5% and the market risk premium is 8%. What is the expected stock price?

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