Experiencing rapid growth-what is the stock price

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Navel County Choppers Inc. is experiencing rapid growth. The company expects dividends to grow at 23 percent per year for the next 9 years before leveling off at 5 percent into perpetuity. The required return on the company’s stock is 14 percent. If the dividend per share just paid was $1.72, what is the stock price?

Reference no: EM131311508

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