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A stock just paid a dividend of $2.46. The dividend is expected to grow at 25.35% for two years and then grow at 4.36% thereafter.

A stock just paid a dividend of $2.46. The dividend is expected to grow at 25.35% for two years and then grow at 4.36% thereafter. The required return on the stock is 12.07%. What is the value of the stock?
Answer format: Currency: Round to: 2 decimal places

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