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The risk-free rate is 3.65% and the market risk premium is 5.31%. A stock with a of 0.95 just paid a dividend of $1.88. The

The risk-free rate is 3.65% and the market risk premium is 5.31%. A stock with a of 0.95 just paid a dividend of $1.88. The dividend is expected to grow at 21.80% for five years and then grow at 3.51% forever. What is the value of the stock?

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

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