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A stock currently has a dividend of $ 3 . 7 4 today. The dividend is expected to grow by 1 6 . 5 3

A stock currently has a dividend of $3.74 today. The dividend is expected to grow by 16.53% each year for the next 6 years, and then 2.46% annually in perpetuity. If the required return is 20.43%, what is the value of the stock today using the differential growth model? Round your answer to the nearest cent.Type your answer..

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