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Upton Co. is growing quickly. Dividends are expected to grow at 20 percent for the three years, with the growth rate falling off to a
Upton Co. is growing quickly. Dividends are expected to grow at 20 percent for the three years, with the growth rate falling off to a constant 5 percent thereafter. If the required return is 11 percent and the company just paid a dividend of $3.10, what is current share price? (Do not round intermediate calculations and round your ans 2 decimal places, e.g., 32.16.) X Answer is complete but not entirely correct. Current share price $ 8.14 x
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