Problemtaylor corp is growing quickly dividends are, Ask an Expert

Accounting

Problem:

Taylor Corp. is growing quickly. Dividends are expected to grow 30 percent rate for the next three years, with the growth rate falling off to a constant 6% percent therefor after.

Required:

Question: If required return is 13 % and the company just paid a 2.75% dividend, what is the current share price?

Note: Show supporting computations in good form.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91169206

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