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Chartreuse County Choppers, Inc. is experiencing rapid growth. The company expects dividends to grow at 20 percent per year for the next 9 years before leveling 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 $1.10, what is the stock price? (Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16))

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Accounting Basics, Accounting

Category:- Accounting Basics
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