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Year 0 1 2 3 CSE 4 0 0 Residual income 2 0 2 5 3 0 1 7 % 1 % Growth rate of

Year

0 1 2 3

CSE

400

Residual income

20 25 30

17 %

1 %

Growth rate of RI after year

3

What is the value of the stock?

Round your answer to the nearest penny

(

two decimal points

)

Do not use the dollar sign.

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