Calculate current market value of bluenose chip stock

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The Bluenose Chip Company is experiencing rapid growth. The company expects dividends to grow at 15% per year for the next 4 years before leveling off at 6% into perpetuity. The required return on the company's stock is 15%. The dividend per share just paid was $1.25. Calculate the current market value of Bluenose Chip's stock.

Reference no: EM132816291

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