Experiencing rapid growth

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Chartreuse County Choppers Inc. is experiencing rapid growth. The company expects dividends to grow at 15 percent per year for the next 8 years before levelling off at 6 percent into perpetuity. The required return on the company’s stock is 12 percent. If the dividend per share just paid was $1.82, what is the stock price? (Round your answer to 2 decimal places. (e.g., 32.16))

Stock price?

Reference no: EM13907538

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