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The Herjavec Co. just paid a dividend of $1.30 per share on its stock. The dividends are expected to grow at a constant rate of

The Herjavec Co. just paid a dividend of $1.30 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year indefinitely. Investors require a return of 14 percent on the company's stock. What will the stock price be in three years?

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