Question: A share of common stock just paid a dividend of $ 2 . 0 0 . If the expected long - run growth rate for

A share of common stock just paid a dividend of $2.00. If the expected long-run growth rate for this stock is 3.80%, and if investors' required rate of return is 7.60%, what is the stock price?
Write your answer using two decimals. Do not use the $ sign.

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