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The Island Tourist Company, Inc. just paid a dividend of $2.25 per share, and that dividend is expected to grow at a constant rate of

The Island Tourist Company, Inc. just paid a dividend of $2.25 per share, and that dividend is expected to grow at a constant rate of 3.50% per year in the future.The company's required rate of return on the stock is 11.25%.At what price should the company's stock sell?Can you show me this in a formula?

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