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3. A stock just paid a dividend of $1.79. The dividend is expected to grow at 23.08% for two years and then grow at 3.57%

3. A stock just paid a dividend of $1.79. The dividend is expected to grow at 23.08% for two years and then grow at 3.57% thereafter. The required return on the stock is 14.27%. What is the value of the stock?

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