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You are investing in a share of stock. The share will pay a dividend of $ 5 . 4 1 at the end of the

You are investing in a share of stock. The share will pay a dividend of $5.41 at the end of the first year. The dividend is expected to grow forever at a rate of 2.86% per year. You require a 11.82% rate of return on the stock investment. What would be a fair price for this share of stock in 4 years?
(Answer to nearest $0.01)

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