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Best Equipment Inc. just paid a dividend of $5.1 per share on its stock. The dividends are expected to grow at a constant rate of
Best Equipment Inc. just paid a dividend of $5.1 per share on its stock. The dividends are expected to grow at a constant rate of 9.1% per year indefinitely. If investors require a 15% return on Best Equipment Inc. stock. What will the price be in 15 years? (Do not round intermediate calculations. Round the final answers to 2 decimal places.
Please include the calculations for clear understanding
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