A stock just paid a dividend of $2.95. The dividend is expected to grow at 25.48% for two years and then grow at 4.60% thereafter. The required return on the stock is 13 62%. What is the value of the stock? Submit Answer format: Currency: Round to: 2 decimal places. The risk-free rate is 1.03% and the market risk premium is 5.18%. A stock with a of 1.01 will have an expected return of % 6.26% Submit Answer format: Percentage Round to 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) Show Hint The risk-free rate is 4.38% and the expected return on the market 12.06%. A stock with a of 0.97 will have an expected return of % Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
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