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The risk-free rate is 1.02% and the market risk premium is 7.04%. A stock with a B of 1.09 just paid a dividend of $1.48.

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The risk-free rate is 1.02% and the market risk premium is 7.04%. A stock with a B of 1.09 just paid a dividend of $1.48. The dividend is expected to grow at 22.62% for three years and then grow at 3.38% forever. What is the value of the stock? Submit Answer format: Currency: Round to: 2 decimal places

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