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Upper Gullies Corp. just paid a dividend of $1.50 per share. The dividends are expected to grow at 18% for the next eight years and

Upper Gullies Corp. just paid a dividend of $1.50 per share. The dividends are expected to grow at 18% for the next eight years and then level off to a 5% growth rate indefinitely. If the required return is 13%, what is the price of the stock today?

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