A stock just paid a dividend of 3 per share and is expected, Ask an Expert

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A stock just paid a dividend of $3 per share, and is expected to grow the dividend at 15% per year for the next 3 years. After than growth rate will fall to 4% per year in perpetuity.

The market's required return on this security is 14%. What should be the current price of this stock?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92742631

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