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Hank's Barbecue just paid a dividend of $ 1 . 4 0 per share. The dividends are expected to grow at a 8 . 0

Hank's Barbecue just paid a dividend of $1.40 per share. The dividends are expected to grow at a 8.0 percent rate for the next five years and then level off to a 3.0 percent growth rate indefinitely. If the required return is 6.0 percent, what is the value of the stock today? What if the required return is 11.0 percent?
0.620.62
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
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