The letsthinkbig company expects their dividends and, Financial Management

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The letsthinkbig company expects their dividends and

The Let'sThinkBig Company expects their dividends and earnings to grow at a constant rate of 5% a year into the foreseeable future. Currently the market is requiring a 11% rate of return on their stock. The most recent dividend paid was $1.50/share. SHOW ALL WORK FOR FULL CREDIT. What is the current price of the stock?

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