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LO1 18. Supernormal Growth Biarritz Corp. is growing quickly. Dividends are expected to grow at a rate of 25 percent for the next three years,
LO1 18. Supernormal Growth Biarritz 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 4.5 percent thereafter. If the required return is 10.5 percent and the company just paid a dividend of $2.85, what is the current share price? 10 N. OD,.. UCC ..:D : : .. 10 20 1
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