What is the current share price

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Reference no: EM13260882

Yang Corp. is growing quickly. Dividends are expected to grow at a rate of 32 percent for the next three years, with the growth rate falling off to a constant 6.7 percent thereafter.

Required:

If the required return is 14 percent and the company just paid a $3.10 dividend, what is the current share price?

 

Reference no: EM13260882

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