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Financial analysts forecast L Brands (LB) growth for the future to be 13.4 percent. LB's most recent annual dividend was $2.20. What is the fair

Financial analysts forecast L Brands (LB) growth for the future to be 13.4 percent. LB's most recent annual dividend was $2.20. What is the fair present value of L. Brands's stock if the required rate of return is 16.3 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))

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