You expect Stock Q to start paying annual dividends exactly one year from now. You...
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You expect Stock Q to start paying annual dividends exactly one year from now. You think that the first dividend will be $0.53 and that the dividend will grow 4.4% per year forever after that. Your required rate of return for Stock Q is 8.4%. What is the value of Stock Q today? Round your answer to the nearest penny.
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