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You are evaluating a stock that just plid a dividend of S2.5. Dividends are expected to grow at a constant rate of 3.9% for long

You are evaluating a stock that just plid a dividend of S2.5. Dividends are expected to grow at a constant rate of 3.9% for long time into the future. The required rate of return on the stock is 11.7%. What is the value of this stock? (round your answer to 2 decimal places. Ignore the sign in your answer)

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