Question: Consider a stock that is expected to pay a dividend of $1.06 one year from now. The dividend is expected to grow at a constant

Consider a stock that is expected to pay a dividend of $1.06 one year from now. The dividend is expected to grow at a constant rate of 4% per year forever, Firms in the same industry provide an expected rate of return of 13.8%. What is the current price of the stock? Enter your response below rounded to 2 DECIMAL PLACES, Number

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