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A stock just paid a dividend of $2.96. The dividend is expected to grow at 25.71% for two years and then grow at 4.89% thereafter.

A stock just paid a dividend of $2.96. The dividend is expected to grow at 25.71% for two years and then grow at 4.89% thereafter. The required return on the stock is 14.59%. What is the value of the stock?

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