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A stock just paid a dividend of $1.81. The dividend is expected to grow at 25.98% for five years and then grow at 3.78% thereafter.
A stock just paid a dividend of $1.81. The dividend is expected to grow at 25.98% for five years and then grow at 3.78% thereafter. The required return on the stock is 10.22%. What is the value of the stock?
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Answer format: Currency: Round to: 2 decimal places
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