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Kingbird Natural Foods' current dividend is $6. You expect the growth rate to be 0 percent for years 1 to 5, and 1 percent for

Kingbird Natural Foods' current dividend is $6. You expect the growth rate to be 0 percent for years 1 to 5, and 1 percent for years 6 to infinity. The required rate of return on this firms equity is 11 percent.

Determine the price of the stock today.

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