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Impossible Corporation just paid a dividend of $ 2 1 0 per share. The dividends are expected to grow at 2 4 percent for the

Impossible Corporation just paid a dividend of $210 per share. The dividends are expected to grow at 24 percent for the next eight years and then level off to a growth rate of 6 percent indefinitelyIf the required return is 13 percent, what is the price of the stock today? (Do not round intermediate calculations and round your answer to 2 decimal places , e.g.,32.16.)

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