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BlueCorp. is growing quickly. Dividends are expected to grow at a rate of 16 percent for the next three years, with the growth rate falling

BlueCorp. is growing quickly. Dividends are expected to grow at a rate of 16 percent for the next three years, with the growth rate falling off to a constant 5.7 percent thereafter. If the required return is 7.25 percent and the company just paid a $4.16 dividend, what is the current share price? Answer to two decimals

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