You are trying to determine the appropriate price to pay for a share of common stock. If you purchase this stock, you plan to hold it for $1$ year. At the end of the year you expect to receive a dividend of $$15\mathrm{.}50$ and to sell the stock for $$354.$ The appropriate rate of return for this stock is $11$ percent. What should the current price of this stock be$?($Round the answer to two decimal places.$)$