What is the price of the stock today

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Upper Gullies Corp. just paid a dividend of $2.10 per share. The dividends are expected to grow at 21 percent for the next eight years and then level off to a growth rate of 7 percent indefinitely. If the required return is 14 percent, what is the price of the stock today? (Round your answer to 2 decimal places; e.g., 32.16)

Reference no: EM13722105

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