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The Northwest Athletic Equipment Company has undergone tremendous growth over the past several years. Things are slowing now but they still anticipate a 3% annual

The Northwest Athletic Equipment Company has undergone tremendous growth over the past several years. Things are slowing now but they still anticipate a 3% annual rate in the growth of dividends per year indefinitely. If the market requires a 14% rate of return on comparable securities, and Northwest Athletic currently pays an annual dividend of $.50 per share, estimate a current per share price of the stock?

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