Question: Suppose this year Amazon's common stock gave $ 1 . 1 dividend this year. The company announced that its future dividends will be growing by

Suppose this year Amazon's common stock gave $1.1 dividend this year. The company announced that its future dividends will be growing by 5% annually for the foreseeable future. If you require a 8% return on your investment, how much are you willing to pay for the stock? (Round your answer to 2 decimal point)
Suppose this year Amazon's common stock gave $1.1 dividend this year.

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