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Visa has just paid an annual dividend of $1.22. Visa's dividends will grow by 8% for the next 4 years, and then grow by 1%

Visa has just paid an annual dividend of $1.22. Visa's dividends will grow by 8% for the next 4 years, and then grow by 1% thereafter. Visa has a required return of 6%.

What is the value of Visa stock?

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