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Sea Side, Incorporated, just paid a dividend of $1.80 per share on its stock. The growth rate in dividends is expected to be a constant
Sea Side, Incorporated, just paid a dividend of $1.80 per share on its stock. The growth rate in dividends is expected to be a constant 3.00 percent per year indefinitely. Investors require a return of 21.00 percent on the stock for the first three years, then a return of 16 percent for the next three years, and then a return of 14 percent thereafter. What is the current share price? Round to 2 decimal places.
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