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The risk-free rate is 1.87% and the market risk premium is 8.69% A stock with a B of 1.29 just paid a dividend of $2.78.

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The risk-free rate is 1.87% and the market risk premium is 8.69% A stock with a B of 1.29 just paid a dividend of $2.78. The dividend is expected to grow at 23.48% for three years and then grow at 3.18% forever. What is the value of the stock? Submit Answer format: Currency: Round to: 2 decimal places

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