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Arcturus, Inc. just paid a dividend of $ 3 . 2 0 ( i . e . , DO - 3 . 2 0 )

Arcturus, Inc. just paid a dividend of $3.20(i.e., DO -3.20). Arcturus's dividends will grow at 25% next year and then 30% for the two years after that. After that, the dividend will grow at 4% forever Assuming a 11% cost of equity, the current stoc! price should be s(1187.392185.023)88.904)86205)9015

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