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A stock just paid a dividend of $2.97. The dividend is expected to grow at 29.94% for five years and then grow at 4.35% thereafter.

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A stock just paid a dividend of $2.97. The dividend is expected to grow at 29.94% for five years and then grow at 4.35% thereafter. The required return on the stock is 13.88%. What is the value of the stock? Answer format: Currency: Round to: 2 decimal places. C Attempts Remaining: Infinity

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