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PS29 #2 The risk-free rate is 2.26% and the market risk premium is 7.98%. A stock with a of 1.26 just paid a dividend of

PS29 #2
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The risk-free rate is 2.26% and the market risk premium is 7.98%. A stock with a of 1.26 just paid a dividend of $2.41. The dividend is expected to grow at 23.03% for five years and then grow at 4.84% forever. What is the value of the stock? Answer format: Currency: Round to: 2 decimal places

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