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QXT is a fast-growing technology firm. QTX doesnt pay a dividend right now, but it will start paying dividends in 4 years. Analysts expect its

QXT is a fast-growing technology firm. QTX doesnt pay a dividend right now, but it will start paying dividends in 4 years. Analysts expect its first annual dividend (at t=4) will be $15 and they expect that dividends will grow at 3% in perpetuity thereafter. QTX shareholders require a 9% rate of return. What is the price for the stock today?

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