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A stock just paid a dividend of $1.96. The dividend is expected to grow at 26.96% for three years and then grow at 4.31% thereafter.

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A stock just paid a dividend of $1.96. The dividend is expected to grow at 26.96% for three years and then grow at 4.31% thereafter. The required return on the stock is 12.46%. What is the value of the stock? Submit Answer format: Currency: Round to: 2 decimal places

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