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Problem:

Jen's Fashions is growing quickly. Dividends are expected to grow at a 19 percent rate for the next 3 years, with the growth rate falling off to a constant 8 percent thereafter. The required return is 12 percent and the company just paid a $3.80 annual dividend.

Task:

Question: What is the current share price?

Note: Please give step by step solution.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91172703

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