Illustrate what is the current share price for the stock

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Reference no: EM13111258

Q. Universe laser, inc. just paid a dividend of 2.75 on it stock. The growth rate in dividends is expected to be a constant 6 percent per year, indefinitely. Investors require a 16 percent return on the stock for the first three years a 14 percent return for the next three years and then an 11 percent return thereafter. Illustrate what is the current share price for the stock?

Reference no: EM13111258

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