Question: Elevation Systems, Incorporated, expects its dividends to grow at 25 percent per year for the next seven years before levelling off to a constant 3

Elevation Systems, Incorporated, expects its dividends to grow at 25 percent per year for the next seven years before levelling off to a constant 3 percent growth rate. The required return is 11 percent. What is the current stock price if the annual dividend per share that was just paid was $1.05?

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