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The risk - free rate is 2 . 2 0 % and the market risk premium is 8 . 1 2 % . A stock

The risk-free rate is 2.20% and the market risk premium is 8.12%. A stock with a of 0.81 just paid a dividend of $2.17. The dividend is expected to grow at 22.18% for five years and then grow at 4.18% forever. What is the value of the stock?
Answer format: Currency: Round to: 2 decimal places.
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