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Financial analysts forecast L Brands (LB) growth for the future to be 12.6 percent. LB's...

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Financial analysts forecast L Brands (LB) growth for the future to be 12.6 percent. LB's most recent dividend was $1.80. What is the fair present value of L Brands's stock if the required rate of return is 15.9 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Fair present value

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