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A 7 X Corp. just paid a dividend of $ 1 . 2 5 per share. The dividends are expected to grow at 3 0

A7X Corp. just paid a dividend of $1.25 per share. The dividends are expected to grow at 30 percent for the next 8 years and then level off to a growth rate of 8 percent indefinitely.
If the required return is 13 percent, what is the price of the stock today?

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