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#4 A stock just paid a dividend of $2.94. The dividend is expected to grow at 29.00% for five years and then grow at 4.60%

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#4 A stock just paid a dividend of $2.94. The dividend is expected to grow at 29.00% for five years and then grow at 4.60% thereafter. The required return on the stock is 11.56%. What is the value of the stock? Submit Answer format: Currency: Round to: 2 decimal places

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