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Kale Co. is growing quickly. Dividends are expected to grow at a rate of 25 percent for the next three years, with the growth rate falling of to a constant 5 percent thereafter. If the required return is 15 percent and the company just paid a $2.88 dividend, what is the share price at the end of supernormal growth (at Year 3)?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91773144

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