Q:29 The risk-free rate is 3.17% and the market risk premium is 9.91%. A stock with a
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Q:29
The risk-free rate is 3.17% and the market risk premium is 9.91%. A stock with a of 1.75 just paid a dividend of $1.76. The dividend is expected to grow at 24.64% for three years and then grow at 3.58% forever. What is the value of the stock?
Round 2 decimal places
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