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Since everyone wants a heated pool, Beltsville Quick Heat Pools has experienced very rapid growth in sales. The company expects the dividend payment to grow

Since everyone wants a heated pool, Beltsville Quick Heat Pools has experienced very rapid growth in sales. The company expects the dividend payment to grow by 8% for the next 2 years and then to level off to a constant 3% growth rate forever.

If investors require an 11% return and the most recent dividend was $1.10,

how much would you pay for a share of this stock today?

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