17. Supernormal Growth (LO1) Duffs Co. is growing quickly. Dividends are expected to grow at a 24% rate for the next three years, with the growth rate falling off to a constant 6% thereafter. If the required return is 11% and the company just paid a \$190 dividend, what is the current share price? 9. Negative Growth (LO1) Foxtrap Inc. is a mature manufacturing firm. The company just paid a $9.40 dividend, but management expects to reduce the payout by 4% per year indefinitely. If you require a 10% return on this stock, what will you pay for a share today