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Lance Cove Choppers Inc is experiencing rapid growth. The company expects dividends to grow at 18% per year for the next 11 years before levelling

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Lance Cove Choppers Inc is experiencing rapid growth. The company expects dividends to grow at 18% per year for the next 11 years before levelling off at 5% into perpetuity. The required return on the company's stock is 12 if the dividend per share just paid was $199what is the stock price? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit S sign in your response.) price

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