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A common stock has just payed a dividend of $2.32/share. The dividend is expected to grow by 16% for the coming 28 years. After that,

A common stock has just payed a dividend of $2.32/share. The dividend is expected to grow by 16% for the coming 28 years. After that, the growth rate in dividend is expected to be 4.28% per year in perpetuity. The RRR on the stock is 12.82%. What is the value of the stock today?

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