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Burton Corp. is growing quickly. Dividends are expected to grow at a rate of 25 percent for the next three years, with the growth rate

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Burton Corp. is growing quickly. Dividends are expected to grow at a rate of 25 percent for the next three years, with the growth rate falling off to a constant 5 percent thereafter. If the required return is! 11.5 percent and the company just paid a dividend of $2.50, what is the current share price? $78.88 $93.90 $83.76 $66.37 None of the above

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