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The current dividend on ALH common stock is $0.85 per share. The market expects the companys dividend to grow at 40 percent per year for

The current dividend on ALH common stock is $0.85 per share. The market expects the companys dividend to grow at 40 percent per year for the next four years and then remain constant (i.e. not grow) thereafter. If investors require an eight percent return to hold this stock, what is its current market price.

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