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A stock just paid a dividend of $2.19. The dividend is expected to grow at 24.78% for three years and then grow at 3.66% thereafter.

A stock just paid a dividend of $2.19. The dividend is expected to grow at 24.78% for three years and then grow at 3.66% thereafter. The required return on the stock is 10.71%. What is the value of the stock? Submit Answer format: Currency: Round to: 2 decimal places. Show Hint

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