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Financial analysts forecast Limited Brands (LTD) growth for the future to be 12 percent. LTDs most recent dividend was $1.50. What is the fair present

Financial analysts forecast Limited Brands (LTD) growth for the future to be 12 percent. LTDs most recent dividend was $1.50. What is the fair present value of Limited Brandss stock if the required rate of return is 15.6 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))

Fair present value

$

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