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Calculate what is the stock price

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Question - Chartreuse County Choppers, Inc. is experiencing rapid growth. The company expects dividends to grow at 20 percent per year for the next 9 years before leveling off at 6 percent into perpetuity. The required return on the company's stock is 12 percent. If the dividend per share just paid was $1.10, what is the stock price?

Reference no: EM131795137

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