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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Fundamentals Of Corporate Finance

ISBN: 9780072313000

5th Edition

Authors: Stephen A Ross, Randolph W Westerfield

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