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You are investing in a share of stock. The share will pay a dividend of $ 4 . 7 3 at the end of the

You are investing in a share of stock. The share will pay a dividend of $4.73 at the end of the first year. The dividend is expected to grow forever at a rate of 3.62% per year. You require a 9.17% rate of return on the stock investment. What would be a fair price for this share of stock in 8 years?
(Answer to nearest $0.01)
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