Problemyour company paid a dividend of 300 last year the, Ask an Expert

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Your company paid a dividend of $3.00 last year. The growth rate is expected to be 8% for year 1, 12% for year 2, 10% for year 3 and then a constant 5% thereafter. The required rate of return is 14%.

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Question: What is the current stock price?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91173187

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