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Upper Gullies Corp.just paid a dividend of $1.60 per share. The dividends are expected to grow at 19% for the next eight years and then
Upper Gullies Corp.just paid a dividend of $1.60 per share. The dividends are expected to grow at 19% for the next eight years and then level off to a 5% growth rate indefinitely. If the required return is 14%, what is the price of the stock today? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Stock price
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