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A stock just paid a dividend of $ 2 . 7 8 . The dividend is expected to grow at 2 6 . 4 2

A stock just paid a dividend of $2.78. The dividend is expected to grow at 26.42% for two years and then grow at 3.89% thereafter. The required return on the stock is 13.87%. What is the value of the stock? SubmitAnswer format: Currency: Round to: 2 decimal places.

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