Yang corp is growing quickly dividends are expected to grow, Ask an Expert

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Yang Corp. is growing quickly. Dividends are expected to grow at a rate of 29 percent for the next three years, with the growth rate falling off to a constant 7.8 percent thereafter.

Required:

If the required return is 15 percent and the company just paid a $3.65 dividend, what is the current share price? (Hint: Calculate the first four dividends.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91543364

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