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1 0 - 6 : Valuing Nonconstant Growth Stocks Nonconstant growth the required return on Microtech is 1 5 % , what is the value

10 - 6

: Valuing Nonconstant Growth Stocks

Nonconstant growth the required return on Microtech is

15 %,

what is the value of the stock today? Round your answer to the nearest cent.

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