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Pennypacker, Inc. is growing quickly. Dividends are expected to grow at a rate of 29% for the next three years, with the growth rate falling
Pennypacker, Inc. is growing quickly. Dividends are expected to grow at a rate of 29% for the next three years, with the growth rate falling off to a constant 3.88%, thereafter. If the required return is 12% and the company just paid a dividend of $2.4, then the current share price is $________
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