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Find current price of the common stock Church Inc. is presently enjoying relatively high growth because of a surge in the demand for its new

image text in transcribed Find current price of the common stock
Church Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product. Management expects earnings and dividends to grow at a rate of 22% for the next 4 years after which competition will probably reduce the growth rate in earnings and dividends to zero, ie, g=0. The company's last dividend DO. was $1.25. its beta is 1.20, the market risk premium is 5.50%, and the risk-free rate is 3.00%. What is the current price of the common stock

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