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XYZ Co. is growing quickly. Dividends are expected to grow at a rate of 14 percent for the next three years, with the growth rate

XYZ Co. is growing quickly. Dividends are expected to grow at a rate of 14 percent for the next three years, with the growth rate falling off to a constant 1 percent thereafter. If the required return is 9.7 percent and the company just paid a dividend of $4.04, what is the current share price?

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