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Impossible Corporation just paid a dividend of $ 2 . 3 0 per share. The dividends are expected to grow at 1 5 percent for
Impossible Corporation just paid a dividend of $ per share. The dividends are expected to grow at percent for the next eight years and then level off to a growth rate of percent indefinitely. If the required return is percent, what is the price of the stock today? Do not round intermediate calculations and round your answer to decimal places, eg
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