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Bretton, Inc., just paid a dividend of $ 3 . 7 5 on its stock. The growth rate in dividends is expected to be a
Bretton, Inc., just paid a dividend of $ on its stock. The growth rate in dividends is expected to be a constant percent per year, indefinitely. Investors require a return of percent on the stock for the first three years, a rate of return of percent for the next three years, and then a return of percent thereafter.
What is the current share price for the stock? Do not round intermediate calculations and round your answer to decimal places, eg Can you please solve this using excel and show the values for the cells, and explain how you did it
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