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Soaring LLC is expected to pay a dividend of $ 1 . 5 0 , and the dividend is expected to grow at a constant

Soaring LLC is expected to pay a dividend of $1.50, and the dividend is expected to grow at a constant rate of 7%. This stock is 15% less risky than the market as a whole. The risk-free rate is 6%, and the equity risk premium for the market is 8%. What is the estimated price of the stock?

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