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The risk-free rate is 3.82% and the market risk premium is 7.65%. A stock with a of 1.07 just paid a dividend of $1.94. The

The risk-free rate is 3.82% and the market risk premium is 7.65%. A stock with a of 1.07 just paid a dividend of $1.94. The dividend is expected to grow at 20.58% for three years and then grow at 3.07% forever. What is the value of the stock?

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

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