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2.Corp. is a fast-growing tech company. The company just paid its first dividend of $1.30 per share. Given its rapid growth it expects to have
2.Corp. is a fast-growing tech company. The company just paid its first dividend of $1.30 per share. Given its rapid growth it expects to have the following annual dividend increases:
Years 1 and 2 25%
Thereafter a constant rate of 6%
Investors believe the company to be risky and require a rate of return of 14% on its stock. What is the company's current share price?
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