What is the stock price, Question: If the dividend per share just paid was $1.87, what is, Accounting Basics

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What is the stock price

Problem:

Chartreuse County Choppers Inc. is experiencing rapid growth. The company expects dividends to grow at 16 percent per year for the next 10 years before leveling off at 6 percent into perpetuity. The required return on the company's stock is 11 percent.

Required:

Question: If the dividend per share just paid was $1.87, what is the stock price?

Note: Provide support for rationale.

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Accounting Basics: What is the stock price

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