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The risk-free rate is 3.70% and the market risk premium is 5.68%. A stock with a of 1.79 just paid a dividend of $2.06. The

The risk-free rate is 3.70% and the market risk premium is 5.68%. A stock with a of 1.79 just paid a dividend of $2.06. The dividend is expected to grow at 24.78% for five years and then grow at 3.15% forever. What is the value of the stock?

The answer is $45.00 but not sure how to get that answer. Please show the finance calculator steps if possible and not excel! Thanks

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