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#28 The risk-free rate is 2.24% and the market risk premium is 7.06%. A stock with a of 1.36 just paid a dividend of $2.25.

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#28 The risk-free rate is 2.24% and the market risk premium is 7.06%. A stock with a of 1.36 just paid a dividend of $2.25. The dividend is expected to grow at 20.48% for five years and then grow at 4.54% forever. What is the value of the stock? Submit Answer format: Currency: Round to: 2 decimal places

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