(Solution) - Ammermann Components recently paid a dividend of 1 per share -(2025 Original AI-Free Solution)

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Ammermann Components recently paid a dividend of $1 per share. This dividend is expected to grow at a rate of 25 percent a year for the next five years, after which it is expected to grow at a rate of 7 percent a year. The required rate of return for this stock is 18 percent. What is the estimated price of the stock?