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The Company is experiencing a very rapid growth rate. Dividends are forecast to increase by 32% per year over the next three years, followed by
The Company is experiencing a very rapid growth rate. Dividends are forecast to increase by 32% per year over the next three years, followed by a constant annual growth rate of 7%. If the return required by investors is 15% and the company has just paid a dividend of $ 2.25 per common share, what is the current price of the share?
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