Question: Mountain Sky Inc. announced today it will grow its dividend by 30% for the next 2 years and then it's growth will continue indefinitely at

Mountain Sky Inc. announced today it will grow its dividend by 30% for the next 2 years and then it's growth will continue indefinitely at 3% thereafter. Mountain Sky is expected to pay dividend in one year of $5. If you believe the appropriate required rate of return on the stock is 15% what would you be willing to pay for the stock?

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