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

A7X Corporation just paid a dividend of $1.55 per share. The dividends are expected to grow at 30 percent for the next 9 years and then level off to a growth rate of 8 percent indefinitely.
If the required return is 12 percent, what is the price of the stock today?

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