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Sea Side, Inc., just paid a dividend of $1.84 per share on its stock. The growth rate in dividends is expected to be a constant
Sea Side, Inc., just paid a dividend of $1.84 per share on its stock. The growth rate in dividends is expected to be a constant 5.6 percent per year indefinitely. Investors require a return of 22 percent on the stock for the first three years, then a 17 percent return for the next three years, and then a 15 percent return thereafter. What is the current share price?
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