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You are evaluating a stock that just paid a dividend of $3.9. Dividends are expected to grow at a constant rate of 5.1% for long

You are evaluating a stock that just paid a dividend of $3.9. Dividends are expected to grow at a constant rate of 5.1% for long time into the future. The required rate of return on the stock is 12.4%. What is the value of this stock? (round your answer to 2 decimal places, ignore the sign in your answer)

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