A stock just paid a dividend of $2.08. The dividend is expected to grow at 25.66% for five years and then grow at 3.88% thereafter. The required return on the stock is 13.41%. What is the value of the stock?

Answer format: Currency: Round to: 2 decimal places.

#4 A stock just paid a dividend of $2.08. The dividend is expected to grow at 25.66% for five years and then grow at 3.88% thereafter. The required return on the stock is 13.41%. What is the value of the stock? Submit Answer format: Currency: Round to: 2 decimal places