A stock just paid a dividend of $1.62. The dividend is expected to grow at 20.31% for five years and then grow at 4.16% thereafter. The required return on the stock is 12.24%. What is the value of the stock?

#4 A stock just paid a dividend of $1.62. The dividend is expected to grow at 20.31% for five years and then grow at 4.16% thereafter. The required return on the stock is 12.24%. What is the value of the stock? unanswered not_submitted Submit Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places