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Roller Inc. has just paid an annual dividend of $0.85. Analysts expect dividends to grow by 7% per year for the next 9 years, and

Roller Inc. has just paid an annual dividend of $0.85. Analysts expect dividends to grow by 7% per year for the next 9 years, and then by 3% per year thereafter. The company has a required return of 12%.

What should be the current stock price?

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