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A stock recently paid a dividend of $4 per share. They plan on increasing their dividends by 30%/year in each of the next 3 years.

A stock recently paid a dividend of $4 per share. They plan on increasing their dividends by 30%/year in each of the next 3 years. After year 3, they will maintain a zero growth dividend policy, forever. R = 14%. Calculate the stock price.

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