Question: a Consider a stock that is expected to pay a dividend of $2.83 one year from now. The dividend is expected to grow at a

a Consider a stock that is expected to pay a dividend of $2.83 one year from now. The dividend is expected to grow at a constant rate of 4.8% per year forever Firms in the same industry provide an expected rate of return of 7%. What is the current price of the stock? Enter your response below rounded to 2 DECIMAL PLACES Number

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