Next two annual dividends will be in the amount

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Last week, Onboard Co. has announced that the next two annual dividends will be in the amount of $2.3 and $4.19, respectively. After that, the dividends will increase by 3.6 percent annually. The required return on this stock is 12.98 percent. What is the current price per share? (Hint: draw this out on a timeline.)

Reference no: EM131064724

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