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ACME will pay a quarterly dividend per share of $.75 at the end of each of the next 12 quarters. Thereafter, the dividend will grow

ACME will pay a quarterly dividend per share of $.75 at the end of each of the next 12 quarters. Thereafter, the dividend will grow at a quarterly rate of 1% forever. The appropriate discount rate on the stock is 10%, compounded quarterly. What is the current stock price?

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