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The risk - free rate is 2 . 0 8 % and the market risk premium is 8 . 6 7 % . A stock

The risk-free rate is 2.08% and the market risk premium is 8.67%. A stock with a \beta of 1.15 just paid a dividend of $1.00. The dividend is expected to grow at 21.76% for five years and then grow at 4.39% forever. What is the value of the stock?

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