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Fast Growth Company just paid a dividend of $2 .15 per share. Dividends are expected to grow at a constant rate of 18% per year.

Fast Growth Company just paid a dividend of $2 .15 per share. Dividends are expected to grow at a constant rate of 18% per year. If you require a 20 percent return on stocks in this risk class.

What isthe value of the stock?

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