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A stock just paid a dividend of $2.78. The dividend is expected to grow at 25.47% for two years and then grow at 3.11% thereafter.

A stock just paid a dividend of $2.78. The dividend is expected to grow at 25.47% for two years and then grow at 3.11% thereafter. The required return on the stock is 10.52%. What is the value of the stock?

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