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Navel County Choppers, Incorporated, is experiencing rapid growth. The company expects dividends to grow at 18 percent per year for the next 11 years before

Navel County Choppers, Incorporated, is experiencing rapid growth. The company expects dividends to grow at 18 percent per year for the next 11 years before leveling off at 4 percent into perpetuity. The required return of the company's stock is 11 percent. If the dividend per share just paid was $2.13, what is the stock price?

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