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Mcllroy Inc., is growing quickly. Dividends are expected to grow at a rate of 13.1 percent for the next three years, with the growth rate

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Mcllroy Inc., is growing quickly. Dividends are expected to grow at a rate of 13.1 percent for the next three years, with the growth rate falling off to a constant 1.6 percent thereafter. If the required return is 9.6 percent, and the company just paid a dividend of $1.01, what is the current share price? [Round the final answer to the nearest cent]

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