Tuv inc just paid a dividend of 474 per share on its stock, Ask an Expert

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TUV Inc., just paid a dividend of $4.74 per share on its stock. The growth rate in dividends is expected to be a constant 4 percent per year indefinitely. Investors require an 17 percent return on the stock for the first three years, then a 13 percent return for the next three years, and then an 10 percent return thereafter. What is the current share price? Answer to two decimals, carry intermediate calcs. to four decimals.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92796258

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