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A7X Corporation just paid a dividend of $1.30 per share. The dividends are expected to grow at 30 percent for the next 8 years and

A7X Corporation just paid a dividend of $1.30 per share. The dividends are expected to grow at 30 percent for the next 8 years and then level off to a growth rate of 5 percent indefinitely. If the required return is 13 percent, what is the price of the stock today?

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