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A company is experiencing supernormal growth. Specifically, the company's dividends are expected to grow at a rate of 30% for the next five years (until

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A company is experiencing supernormal growth. Specifically, the company's dividends are expected to grow at a rate of 30% for the next five years (until t - 5). After that, the company expects to increase dividends at a steady rate of 4$ annually forever. The companys most recent dividend paid was $12 per share. If the required rate of return on the stock is 13, what is the value of the stock today (t0) ? Note: Write your answer in decimals (2 or more decimal places)

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