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Crate company paid its first annual dividend yesterday in the amount of $0.80 a share. The company plans to triple its next dividend payment. After

Crate company paid its first annual dividend yesterday in the amount of $0.80 a share. The company plans to triple its next dividend payment. After that time , the expected dividend growth rate will be 8% per year indefinitely. What is one share of this stock worth today if the rate of return is 18.5%?

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