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A. A stock just paid a dividend of $1.34. The dividend is expected to grow at...

A. A stock just paid a dividend of $1.34. The dividend is expected to grow at 28.44% for two years and then grow at 4.91% thereafter. The required return on the stock is 13.43%. What is the value of the stock? Round to 2 decimal places

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Year Cash flows $1.72 $2.21 $27.22 present value factor Present value of 14% calculation ( cash flows x present value factor

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