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The Premiere Company paid an annual dividend of $1.85 per share two years ago on its common stock and just announced that future dividends will

The Premiere Company paid an annual dividend of $1.85 per share two years ago on its common stock and just announced that future dividends will increase by 2.0 percent annually. What is the current price of Premiere Company? Assume the required rate of return on the common stock of Premiere Company is 30%. Assume that past dividends also grew at 2% annually till today

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