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A company that just paid a dividend in the amount of $3.25 per share plans to increase its dividend by 14% per year for the

A company that just paid a dividend in the amount of $3.25 per share plans to increase its dividend by 14% per year for the next 2 years. The company is expected to then maintain a constant dividend growth rate of 8% indefinitely. If the required return on the stock is 12.25%, what is expected to be the price per share 2 years from now?

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