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A7X Corp. just paid a dividend of $1.45 per share. The dividends are expected to grow at 25 percent for the next 6 years and

A7X Corp. just paid a dividend of $1.45 per share. The dividends are expected to grow at 25 percent for the next 6 years and then level off to a growth rate of 8 percent indefinitely.

If the required return is 15 percent, what is the price of the stock today?

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