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Points: 0 of 1 After careful analysis, you have determined that a firm's dividends should grow at 1 5 % , on average, in the

Points: 0 of 1
After careful analysis, you have determined that a firm's dividends should grow at 15%, on average, in the foreseeable future. The firm's last dividend was $1.50. Compute the current price of this stock, assuming the required return is 20%.
The current stock price is $ (Round your response to the nearest pehny.)
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