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The risk - free rate is 2 . 6 1 % and the market risk premium is 9 . 1 9 % . A stock

The risk-free rate is 2.61% and the market risk premium is 9.19%. A stock with a \beta of 1.73 just paid a dividend of $2.04. The dividend is expected to grow at 21.77% for three years and then grow at 3.84% forever. What is the value of the stock?

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