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You expect future dividends for Dawgs Unlimited stock to grow at a constant rate of 3.8% per year. If its next dividend of $6.68 will
You expect future dividends for Dawgs Unlimited stock to grow at a constant rate of 3.8% per year. If its next dividend of $6.68 will be paid exactly one year from now and you require a return is 9.0%, how much is Dawgs stock worth to you today? Round your answer to the nearest penny.
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