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A stock just paid a dividend of $1.60. The dividend is expected to grow at 28.62% for two years and then grow at 4.96% thereafter.
A stock just paid a dividend of $1.60. The dividend is expected to grow at 28.62% for two years and then grow at 4.96% thereafter. The required return on the stock is 14.52%. What is the value of the stock?
Answer format: Currency: Round to: 2 decimal places.
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