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Petal Inc is expected to pay the following dividends over the next 4 years: $15, $25, $10 and $4. From then on, Petal inc. will
Petal Inc is expected to pay the following dividends over the next 4 years: $15, $25, $10 and $4. From then on, Petal inc. will maintain a 3.5% growth rate indefinitely. The required return on investments of similar risk is 8.5%. REQUIRED: Given the above information, what is the current price of Petal Inc's stock
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