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A stock just paid a dividend of $2.86. The dividend is expected to grow at 28.05% for three years and then grow at 3.94% thereafter.

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A stock just paid a dividend of $2.86. The dividend is expected to grow at 28.05% for three years and then grow at 3.94% thereafter. The required return on the stock is 11.92%. What is the value of the stock? Submit Answer format: Currency: Round to: 2 decimal places

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