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Marin Clothiers Ltd ' s current dividend is $ 4 . 7 0 . Dividends are expected to grow by 8 percent for years 1

Marin Clothiers Ltd's current dividend is $4.70. Dividends are expected to grow by 8 percent for years 1 to 3,6 percent for years 4 to 7, and 2 percent thereafter. The required rate of return on the stock is 11 percent. What is the current stock price for Marin?

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