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Roller Inc. has just paid an annual dividend of $0.8. Analysts expect dividends to grow by 8% per year for the next 8 years, and

Roller Inc. has just paid an annual dividend of $0.8. Analysts expect dividends to grow by 8% per year for the next 8 years, and then by 0.5% per year thereafter. The company has a required return of 12%.

1,What is the value of the stock now?

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