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Pastaja Inc is a company that produces fireworks.Your friend Bill is looking to purchase the company stock, and wants to know what the current share

Pastaja Inc is a company that produces fireworks.Your friend Bill is looking to purchase the company stock, and wants to know what the current share price is.The company is planning to pay a $5 dividend in eight years from now and will increase the dividend 4% per year thereafter.The required rate of return is 11%.What is the current share price?

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