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A stock is expected to pay dividends of $ 1 . 3 8 per share in year 1 and $ 1 . 5 3 per

A stock is expected to pay dividends of $1.38 per share in year 1 and $1.53 per share in year 2. After that, the dividend is expected to increase by 2.9% annually. What is the current value of the stock at a discount rate of 15.4%?

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