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Roller Inc. has just paid an annual dividend of $0.63. Analysts expect dividends to grow by 6% per year for the next 8 years, and

Roller Inc. has just paid an annual dividend of $0.63. Analysts expect dividends to grow by 6% per year for the next 8 years, and then by 3.5% per year thereafter. The company has a required return of 12%.

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What is the value of the stock now?

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