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A 7 X Corporation just paid a dividend of $ 1 . 4 5 per share. The dividends are expected to grow at 2 5

A7X Corporation just paid a dividend of $1.45 per share. The dividends are expected to grow at 25 percent for the next 8 years and then level off to a growth rate of 6 percent indefinitely. If the required return is 14 percent, what is the price of the stock today?

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