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The risk - free rate is 2 . 8 6 % and the market risk premium is 6 . 1 5 % . A stock

The risk-free rate is 2.86% and the market risk premium is 6.15%. A stock with a \beta of 1.40 just paid a dividend of $1.43. The dividend is expected to grow at 23.30% for three years and then grow at 4.27% forever. What is the value of the stock?

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