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Financial analysts forecast Limited Brands (LTD) growth rate for the future to be 12.5 percent. LTD's recent dividend was $0.60. What is the value of

Financial analysts forecast Limited Brands (LTD) growth rate for the future to be 12.5 percent. LTD's recent dividend was $0.60.

What is the value of Limited Brands stock when the required return is 14.5 percent?(Round your answer to 2 decimal places.)

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