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Problem:

Chartreuse County Choppers Inc. is experiencing rapid growth. The company expects dividends to grow at 18 percent per year for the next 11 years before leveling off at 5 percent into perpetuity. The required return on the company's stock is 12 percent.

Required:

Question: If the dividend per share just paid was $1.94, what is the stock price?

Note: Show supporting computations in good form.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91173673

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