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A company just paid an annual dividend of $0.75 per share. The dividends are expected to grow at 32 percent for year one, 23 percent
A company just paid an annual dividend of $0.75 per share. The dividends are expected to grow at 32 percent for year one, 23 percent for year two and 11 percent for year three, after which it will grow at a constant rate of 4.5 percent per year forever. If the required return is 14.5 percent, what is the current stock price of this company? $9.74 $14.43 $18.33 $23.33 $12.10
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