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A company has just paid a dividend of 2.79$. Its discount rate is 11.8%, and...

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Finance

A company has just paid a dividend of 2.79$. Its discount rate is 11.8%, and the expected perpetual growth rate is 4.9%. What would you expect to be the stock's price IN ONE YEAR? Enter your answer in dollars, rounded to the nearest cent (2 decimals).

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