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HELP ASAPP!! Universal Laser Inc. just paid a dividend of $3.50 on its stock. The growth rate in dividends is expected to be a constant
HELP ASAPP!!
Universal Laser Inc. just paid a dividend of $3.50 on its stock. The growth rate in dividends is expected to be a constant 5 percent per year, indefinitely. Investors require a 13 percent return on the stock for the first three years, a 11 percent return for the next three years, and then an 9 percent return thereafter. What is the current share price for the stock? (Do not round intermediate calculations and round the final answer to 2 decimal places. Omit \$ sign in your response.) Current share price Step by Step Solution
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