What is the companys current share price

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Reference no: EM131300241

The Nikko Company’s last dividend was $1.50. The dividend growth rate is expected to be constant at 15% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If Nikko’s required return (rs) is 11%, what is the company’s current share price?

$40.20

$38.99

$36.69

$37.82

Reference no: EM131300241

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