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Connecticut Corporation stock pays a dividend on every February 1. In 2009, the dividend is $3.00, in 2010 $3.25, in 2011 $3.50, and in 2012 and all the subsequent years it is expected to be $4.00. The shareholders of Connecticut require a return of 15% on their investment. Find the price of this stock on January 31, 2009, just before it pays its dividend. What is its price on February 2, 2015, just after it has paid its dividend?

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