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The risk-free rate is 1.24% and the market risk premium is 9.89%. A stock with a of 1.53 just paid a dividend of $1.83. The

The risk-free rate is 1.24% and the market risk premium is 9.89%. A stock with a of 1.53 just paid a dividend of $1.83. The dividend is expected to grow at 21.74% for five years and then grow at 3.94% forever. What is the value of the stock?

Answer format: Currency: Round to: 2 decimal places.

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