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Philips Co is growing quickly.Dividends are expected to grow at a rate of 25 percent for the next 3 years, with the growth rate off

Philips Co is growing quickly.Dividends are expected to grow at a rate of 25 percent for the next 3 years, with the growth rate off to a constant 5 percent thereafter.If the required return is 12 percent and the company just paid a dividend of $3.10, what is the current share price?

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