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5. Gorges Exotic Travel is experiencing rapid growth. The company expects dividends to grow 23% per year for the next nine years before leveling off

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5. Gorges Exotic Travel is experiencing rapid growth. The company expects dividends to grow 23% per year for the next nine years before leveling off at 7% thereafter. The required return for stocks with this level of risk is 11%, and the companyjust paid an annual dividend of $1.10 per share. What is the fair price for its stock today

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