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Peet's Coffee's is expected to pay a dividend of $3.50 next year. The dividend growth rate is expected to be constant at 15.1% for 3

Peet's Coffee's is expected to pay a dividend of $3.50 next year. The dividend growth rate is expected to be constant at 15.1% for 3 years, after which dividends are expected to grow at a rate of 6.7% forever. The firm's required return (r ) is 9.5%. What is the best estimate of the current stock price?

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