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The Great Indoors sells carpet and floor coverings. The company will pay stockholders a $1.00 quarterly dividend later this afternoon. Investors anticipate that the company
The Great Indoors sells carpet and floor coverings. The company will pay stockholders a $1.00 quarterly dividend later this afternoon. Investors anticipate that the company will increase this dividend by a constant 1.0% percent per quarter. If investors require a 16.00% annual return with quarterly compounding, what is the current stock price?
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