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Wineries stores has forecast a high growth rate of 40 per cent for the next 2...

Wineries stores has forecast a high growth rate of 40 per cent for the next 2 years, followed by growth rates of 25 per cent and 20 per cent for the following 2 years. It then expects to stabilise its growth to a constant rate of 7.5 per cent for the next several years. The company paid a dividend of $3.80 recently. If the required rate of return is 15 per cent, what is the current market price of the share?

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jeff jeffy answered 2 years ago
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