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Granola, Inc., just paid a dividend of $ 5 . 9 7 on its stock. The dividend growth rate is expected to remain 2 .
Granola, Inc., just paid a dividend of $ on its stock. The dividend growth rate is expected to remain percent per year indefinitely. Investors require a return of percent on the stock for the first years followed by a return of percent thereafter. What is the current share price for the stock? Report your answer with digit precision ex Hint: growth is startofperiod but payments are endofperiod.
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