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Company Monkey Toys, which is in the business of selling plush toys to cat owners, recently paid $0.35 dividend on each share. The company pays
Company Monkey Toys, which is in the business of selling plush toys to cat owners, recently paid $0.35 dividend on each share. The company pays dividends every year and dividends are expected to grow at a rate of 12% every year in the first ten years and then grow at 5% every year after that (forever). The discount rate is 6%.
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What is the share price?
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