Problemupper gullies corp just paid a dividend of 220 per, Ask an Expert

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Problem:

Upper Gullies Corp. just paid a dividend of $2.20 per share. The dividends are expected to grow at 22 percent for the next eight years and then level off to a growth rate of 7 percent indefinitely.

Required:

Question: If the required return is 14 percent, what is the price of the stock today?

Note: Please show how to work it out.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91162408

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