Mega Growth Co. is growing quickly. Dividends are expected to grow at a 30 percent rate for
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Mega Growth Co. is growing quickly. Dividends are expected to grow at a 30 percent rate for the next three years, with the growth rate falling off to a constant 7 percent, thereafter. If the required return is 21 percent and the company just paid a \($1.50\) dividend, what is the current share price?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780072313000
5th Edition
Authors: Stephen A Ross, Randolph W Westerfield
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