Demonstrate what is the stocks current price

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Navel County Choppers, Inc. is experiencing rapid growth. The company expects dividends to grow at 16 percent per year for the next 11 years before leveling off at 4 percent into perpetuity. The required return on the company's stock is 10 percent. The dividend per share just paid was $1.94.

Question 1: What is the stock's current price?

Reference no: EM132502552

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