Albanian technology corp atc has been growing at the, Ask an Expert

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Albanian Technology Corp. (ATC) has been growing at the phenomenal rate of 20% per year due to the recent development of a new irrigation method. This growth rate is expected to last for two more years after which other companies will have developed similar systems, and ATC’s growth rate will drop to 6% thereafter. The most recent annual dividend (D0), which was paid yesterday, was $1.75 per share. If the growth in dividends matches the company’s overall growth rate and if stockholders require a 12% return on ATC’s stock, what is the current share price?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92714555

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