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A stock just paid a dividend of $1.53. The dividend is expected to grow at 27.34% for two years and then grow at 3.62% thereafter.

A stock just paid a dividend of $1.53. The dividend is expected to grow at 27.34% for two years and then grow at 3.62% thereafter. The required return on the stock is 12.38%. What is the value of the stock?

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