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PS27 #3 A stock just paid a dividend of $2.03. The dividend is expected to grow at 20.41% for three years and then grow at

PS27 #3

A stock just paid a dividend of $2.03. The dividend is expected to grow at 20.41% for three years and then grow at 4.49% thereafter. The required return on the stock is 14.91%. What is the value of the stock?

Answer format: Currency: Round to: 2 decimal places.

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