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A stock just paid a dividend of $2.12. The dividend is expected to grow at 21.37% for five years and then grow at 3.20% thereafter.

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A stock just paid a dividend of $2.12. The dividend is expected to grow at 21.37% for five years and then grow at 3.20% thereafter. The required return on the stock is 10.92%. What is the value of the stock? Answer format: Currency: Round to: 2 decimal places

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