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You are an analyst who covers the equity of Intel Corp. Each Intel stock will pay a dividend of $5.3 a year from now, and

You are an analyst who covers the equity of Intel Corp. Each Intel stock will pay a dividend of $5.3 a year from now, and this dividend is expected to increase at a rate of 4.2% annually. The rate of discount for pricing this stock is 8%. What should the stock sell for today?

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