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The risk-free rate is 1.46% and the market risk premium is 5.91%. A stock with a of 1.78 just paid a dividend of $1.75. The

The risk-free rate is 1.46% and the market risk premium is 5.91%. A stock with a of 1.78 just paid a dividend of $1.75. The dividend is expected to grow at 20.22% for three years and then grow at 3.37% forever. What is the value of the stock? (round to 2 decimals)

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