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1 0 - 6 : Valuing Nonconstant Growth Stocks Nonconstant growth 9 % per year. If the required return on Microtech is 1 8 %

10-6: Valuing Nonconstant Growth Stocks
Nonconstant growth 9% per year. If the required return on Microtech is 18%, what is the value of the stock today? Round your answer to the nearest cent.
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