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Upton Co. is growing quickly. Dividends are expected to grow at 24 percent for the next three years, with the growth rate falling off to

image text in transcribedUpton Co. is growing quickly. Dividends are expected to grow at 24 percent for the next three years, with the growth rate falling off to a constant 6 percent thereafter. If the required return is 14 percent and the company just paid a dividend of $3.40, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Upton Co. is growing quickly. Dividends are expected to grow at 24 percent for the next three years, with the growth rate falling off to a constant 6 percent thereafter. If the required return is 14 percent and the company just paid a dividend of $3.40, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current share price

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