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Popular Retailer is expected to pay a dividend of $1.75 by the end of the year. Investors expect that dividend to grow by 8% each

Popular Retailer is expected to pay a dividend of $1.75 by the end of the year. Investors expect that dividend to grow by 8% each year forever and they require a 10% rate of return on the stock. What should be the price of the stock today?

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