What is the stock price in given issue

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Question: Navel County Choppers Inc. is experiencing rapid growth. The company expects dividends to grow at 24 percent per year for the next 11 years before leveling off at 5 percent into perpetuity. The required return on the company's stock is 15 percent. If the dividend per share just paid was $1.77, what is the stock price?

Reference no: EM132009706

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