What would be a tag price for the stock today

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A company has announced that it will pay a dividend of $3.42 per share next year, and there a you expect the dividend to grow at a constant rate of 59% per year indefinitely in to the future if the required rate of return is 11 4% per year, what would be a tag price for the stock today? (Answer to the nearest penny)

Reference no: EM131607875

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