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You are considering buying a stock that will pay a dividend of $ 2 . 1 0 in one year. The dividend is expected to

You are considering buying a stock that will pay a dividend of $2.10 in one year. The dividend is expected to grow by 4.99% every year, forever. How much will you be willing to pay for the stock today if your required return is 7.20%? Please round your answer to two decimal places.

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