(Answered) Xl cos dividends are expected to grow at a 20 rate for the

Economics

XL Co.'s dividends are expected to grow at a 20% rate for the next 3 years, with the growth rate falling off to a constant 6% thereafter. If the required return is 14% and the company just paid a $3.10 dividend, what is the current price? Remember, paid dividends are already incorporated in the current price.

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