What is current share price

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Reference no: EM131958601

TUV Inc., just paid a dividend of $4.74 per share on its stock. The growth rate in dividends is expected to be a constant 4 percent per year indefinitely. Investors require an 17 percent return on the stock for the first three years, then a 13 percent return for the next three years, and then an 10 percent return thereafter. What is the current share price? Answer to two decimals, carry intermediate calcs. to four decimals.

Reference no: EM131958601

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