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Lodbrok Company just paid an annual dividend of $2 per share. The company will increase its dividends by 15 percent per year for the next

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Lodbrok Company just paid an annual dividend of $2 per share. The company will increase its dividends by 15 percent per year for the next 11 years, after that the company will keep a constant growth rate of 5 percent per year, forever. If the required return is 12 percent, what is the current stock price of Lodbrok Company

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