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LE Inc. is experiencing a period of rapid growth. Earnings per share is expected to grow at a rate of 12 percent during the next three years, 10 percent in the fourth year, 7 percent in the fifth year, and at a constant rate of 3 percent thereafter. The firm just provided $2.50 dividend last week. If the required rate of return on the stock is 12 percent, what is the price of a share of the stock today?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92169024

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