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The risk-free rate is 1.37% and the market risk premium is 6.56%. A stock with a of 1.61 just paid a dividend of $1.77. The

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The risk-free rate is 1.37% and the market risk premium is 6.56%. A stock with a of 1.61 just paid a dividend of $1.77. The dividend is expected to grow at 20.31% for five years and then grow at 3.37% forever. What is the value of the stock? Answer format: Currency: Round to: 2 decimal places

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