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XYZ , Inc. just paid dividend of $ 4 . 7 . The dividends are expected to grow at 1 . 5 6 % each

XYZ

,

Inc. just paid dividend of $

4.7 .

The dividends are expected to grow at

1.56 %

each year forever. The required rate of return on the stock is

26.38 % .

What is today's price of the stock?

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