What is best estimate of the current stock price

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The XYZ Company paid $1.55 dividend yesterday. Its dividend growth rate is expected to be constant at 22.20% for 2 years, after which dividends are expected to grow at a rate of 5.35% forever. Its required return (rs) is 12.85%. What is the best estimate of the current stock price?

Reference no: EM131357667

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