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The risk-tree rate is 1.50% and the market riak premium in 5.25%. A stock with a of 1.29 just paid a dividend of $1.00. The

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The risk-tree rate is 1.50% and the market riak premium in 5.25%. A stock with a of 1.29 just paid a dividend of $1.00. The dindend is oxpectod to grow at 22.95% tor thene yeas and then grow at 4.12% forever. What is the value of the stock? Answer Format Currency, Round to: 2 decimal places

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