Question: FinTek Inc. is a financial technology company that is developing new products in online lending and payments. The company has just paid a dividend of

FinTek Inc. is a financial technology company that is developing new products in online lending and payments. The company has just paid a dividend of $1.25 per share. The dividends have grown at a rate of 20% per year. This groowth rate is now expected to decline linearly over the next 7 years to 3%. If the required return is 10%, what is the value of the stock?

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