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You wish to estimate the share price of LADA, your favorite vehicle company. You know that tomorrow the company will pay its annual dividend of

You wish to estimate the share price of LADA, your favorite vehicle company. You know that tomorrow the company will pay its annual dividend of $1.50 per share, and you anticipate that the company's futures dividends will grow at a rate of %4 per year. As an experienced investor, you demand a yield of %12 on your investment in the company. What should be the company's share price?

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