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The risk - free rate is 2 . 7 3 % and the market risk premium is 6 . 3 4 % . A stock

The risk-free rate is 2.73% and the market risk premium is 6.34%. A stock with a \beta of 1.40 just paid a dividend of $1.28. The dividend is expected to grow at 22.80% for five years and then grow at 3.21% forever. What is the value of the stock?

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