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You are investing in a share of stock. The share will pay a dividend of $7 .54 at the end of the first year. The

You are investing in a share of stock. The share will pay a dividend of $7 .54 at the end of the first year. The dividend is expected to grow forever at a rate of 3.49% per year. You require a 8. 73% rate of return on the stock investment. What would be a fair price for this share of stock in 10 years? (Answer to nearest $0.01)

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