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Roller Inc. has just paid an annual dividend of $ 0 . 7 9 . Analysts expect dividends to grow by 5 % per year

Roller Inc. has just paid an annual dividend of $

0.79 .

Analysts expect dividends to grow by

5 %

per year for the next

7

years, and then by

1 %

per year thereafter. The company has a required return of

12 % .

What is the value of the stock now?

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