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you expect a stock to pay a dividend of $5.27 exactly one year from today and a dividend of $5.65 exactly two years from today.

you expect a stock to pay a dividend of $5.27 exactly one year from today and a dividend of $5.65 exactly two years from today. After the second dividend, future dividends will grow at a constant rate of 6% per year indefinitely. What is the stock's intrinsic value if the company's of equity capital is 14.2%? Round your answer to the nearest penny

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