#38 A stock just paid a dividend of $1.18. The dividend is expected to grow at 25.28%...
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#38
A stock just paid a dividend of $1.18. The dividend is expected to grow at 25.28% for two years and then grow at 3.74% thereafter. The required return on the stock is 14.74%. What is the value of the stock?
Answer format:Currency: Round to: 2 decimal places.
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