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XYZ, Inc. is expected to pay a dividend of $9.93. The dividends are expected to grow at 2.48% each year forever. The required rate of

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XYZ, Inc. is expected to pay a dividend of $9.93. The dividends are expected to grow at 2.48% each year forever. The required rate of return on the stock is 15.92%. What is today's price of the stock? Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box

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