Navel county choppers inc is experiencing rapid growth if, Financial Management

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Navel county choppers inc is experiencing rapid growth if

Navel County Choppers Inc. is experiencing rapid growth. The company expects dividends to grow at 17 percent per year for the next 14 years before leveling off at 5 percent into perpetuity. The required return on the company’s stock is 13 percent. If the dividend per share just paid was $1.67, what is the stock price?

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