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Grayson, Inc., will pay a dividend of $5.95, $10.05, and $13.25 per share for each of the next three years, respectively. The company will then
Grayson, Inc., will pay a dividend of $5.95, $10.05, and $13.25 per share for each of the next three years, respectively. The company will then close its doors. Investors require a return of 11.1 percent on the company's stock. What is the current stock price?
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