A company just paid out an annual dividend of $4. If the dividend will grow by...

A company just paid out an annual dividend of $4. If the dividend will grow by 20% for each of the next 2 years, and by 7% annually thereafter, what should be the price of a share today? Assume that the required rate of return for the stock is 15%.

$60.00

$66.78

$71.14

$55.65

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jeff jeffy answered 2 years ago

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