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A stock just paid a dividend of $2.47. The dividend is expected to grow at 23.57% for three years and then grow at 4.01% thereafter.

A stock just paid a dividend of $2.47. The dividend is expected to grow at 23.57% for three years and then grow at 4.01% thereafter. The required return on the stock is 13.91%. What is the value of the stock? Round to 2 decimal places. Also, a stock just paid a dividend of $1.49. The dividend is expected to grow at 25.13% for five years and then grow at 3.72% thereafter. The required return on the stock is 11.24%. What is the value of the stock? Round to 2 decimal please. (2 part question but 1 question unfortunately. Will rate thumbs up!)

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