What is the current value of one share of this stock

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Cell-Talk is a rapidly growing firm. It plans to increase dividends by 25 percent for each of the next three years and then allowing the dividend to grow at a constant 6% thereafter. The company just paid a dividend of $0.80 per share. What is the current value of one share of this stock if the required rate of return is 17%?

Reference no: EM13281153

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