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The Miami Company just paid a cash dividend of $3 per share. Investors require a 20 percent return from investments such as this. What would

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The Miami Company just paid a cash dividend of $3 per share. Investors require a 20 percent return from investments such as this. What would the stock of Miami Company sell for if the dividend was expected to grow at 15 percent per year for the next three years and then level off at 5 percent per year thereafter? Round your final answer to two decimal places

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