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YourFavoriteProblem will pay $8, $6, $4, and $2 as per-share dividends in Years 1, 2, 3, and 4, respectively. After that the company will be

YourFavoriteProblem will pay $8, $6, $4, and $2 as per-share dividends in Years 1, 2, 3, and 4, respectively. After that the company will be increasing its annual dividend by 5 percent every year, in perpetuity. The appropriate discount rate for this stock is 15 percent. Calculate the current stock share price.

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