What is the current share price

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Constant growth: Reco Ltd is expected to pay a dividend of $2.45 next year. The forecast for the share price a year from now is $36.00. If the required rate of return is 19.0 percent, what is the current share price? Assume constant growth.

(Round the growth rate to 4 decimal places, round your final answer to the nearest cent, i.e., $14.75)

Reference no: EM131624559

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