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Impossible Corporation just paid a dividend of $2.93 per share. The dividends are expected to grow at 18 percent for the next eight years and

Impossible Corporation just paid a dividend of $2.93 per share. The dividends are expected to grow at 18 percent for the next eight years and then level off to a growth rate of 3.5 percent indefinitely. If the required return is 9 percent, what is the price of the stock today?

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