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A stock just paid a dividend of $2.42. The dividend is expected to grow at 20.38% for two years and then grow at 4.12% thereafter.

A stock just paid a dividend of $2.42. The dividend is expected to grow at 20.38% for two years and then grow at 4.12% thereafter. The required return on the stock is 14.37%. What is the value of the stock?

answer: round it to 2 decimal places.

use financial calculator to answer this question please!

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