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If possible use a financial calculator when needed ThisisNotHappening has no competition in business and is growing quickly. This company's annual dividends are expected to
If possible use a financial calculator when needed
ThisisNotHappening has no competition in business and is growing quickly. This company's annual dividends are expected to grow at 23 percent per year for the next 3 years. The growth rate in dividends will then drop to a constant 7 percent per year, in perpetuity, due to competitors joining the market and lowering ThislsNotHappening company's market share The required return is 14 percent. You also know that the company just paid a $3.80 dividend on each of its shares. Calculate the current share priceStep by Step Solution
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