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A company just paid a $2.50 annual dividend. They are currently experiencing a boom and have announced they will increase their dividends by 20% for

A company just paid a $2.50 annual dividend. They are currently experiencing a boom and have announced they will increase their dividends by 20% for the next 4 years. After 4 years, investors expect their dividend will only grow by 6% per year. The required return on the companys stock is 8%. What is the stock price?

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