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wharton manufacturing just paid its annual dividend in the amount of 1.05. the company will increase its dividends by 25 percent per year for the

wharton manufacturing just paid its annual dividend in the amount of 1.05. the company will increase its dividends by 25 percent per year for the next 7 years, after that the company will keep a constant growth rate of 3 percent per year, forever. if the required return is 11 percent, what is the current stock price of wharton manufacturing?

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