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Constant Growth Enterprises just paid $10 as its annual dividend per share. The dividends are expected to grow at a constant growth of 5% per

Constant Growth Enterprises just paid $10 as its annual dividend per share. The dividends are expected to grow at a constant growth of 5% per year forever. The dividends are risky; therefore, the discount rate had to be adjusted to reflect the risk. The risk free rate is 5% and the risk premium appropriate for this risk class is 15%. What must be current price of this stock?

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