The high growth companys last dividend was 150 the dividend, Financial Management

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The high growth companys last dividend was 150 the dividend

The High Growth Company's last dividend was $1.50. The dividend growth rate is expected to be constant at 30% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If High Growth's required return is 13% what is the company's current stock price?

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Financial Management: The high growth companys last dividend was 150 the dividend

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Financial Management: The high growth companys last dividend was 150 the dividend

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