You are considering buying a stock and hold it for only one year. You expect to receive both $1.25 in dividends and $35 from the sale of the share at the end of the year. The intrinsic value for a share today is $LLLLLLLLL if you have an opportunity cost (i.e. the discount rate) of 12%. Your answer must be in two digits with two decimals. Round off your answer to have only two decimals. That is, you answer must be in this format: XX.XX