Question: YGR Inc. will not pay dividends for 4 years. At year 5, they will pay a dividend of $1.85, which is expected to grow by

YGR Inc. will not pay dividends for 4 years. At year 5, they will pay a dividend of $1.85, which is expected to grow by 18.5%, from years 6-10, inclusive. Starting in year 11, the dividend will grow at 3.25%, indefinitely. Assume the current rate on long-term government bonds is 8.5%. If the expected return is 11%, calculate the stock price as of today.

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