Question: Jims Jerky Inc. does not currently pay a dividend and it does not expect to pay a dividend for the next 14 years. Beginning in

Jims Jerky Inc. does not currently pay a dividend and it does not expect to pay a dividend for the next 14 years. Beginning in 15 years, however, the dividend is expected to be $7 and it is expected to increase by 5% per year thereafter. If the required return on this stock is 16%, what is the current stock price?

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