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Principles of finance

Assignment 10 GRADED instructions help Save & Exit submit Question 7 of 1.00 points Burton Corp. is growing quickly. Dividends are expected to grow at a rate of 29 percent for the next three years, with the growth rate falling off to a constant 7.8 percent thereafter. If the required return is 15 percent and the company just paid a dividend of $3.65, what is the current share price? (Hint: Calculate the first four dividends.) (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current share price Hints eBook & Resources Hint 1 Check my work