Gentleman Gym just paid its annual dividend of $6 per share, and it is widely expected that the dividend will increase by 5 per year indefinitely a What price should the stock sell at if the discount rate is 20 (Do not round intermediate calculations Round your answer to 2 decimal places ) Stock price $

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Gentleman Gym just paid its annual dividend of $6 per share, and it is widely expected that the dividend will increase by 5% per year

Gentleman Gym just paid its annual dividend of $6 per share, and it is widely expected that the dividend will increase by 5% per year indefinitely.

a.	What price should the stock sell at if the discount rate is 20%. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Stock price

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