The Highest Potential, Inc., will pay a quarterly dividend per share of ($1) at the end of
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The Highest Potential, Inc., will pay a quarterly dividend per share of \($1\) at the end of each of the next 12 quarters. Subsequently, the dividend will grow at a quarterly rate of 0.5 percent indefinitely. The appropriate rate of return on the stock is 10 percent. What is the current stock price?
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