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Business, 14.07.2019 19:30 clonetrooper099

Burton corp. is growing quickly. dividends are expected to grow at a rate of 28 percent for the next three years, with the growth rate falling off to a constant 6.9 percent thereafter. if the required return is 16 percent and the company just paid a dividend of $3.20, what is the current share price? (hint: calculate the first four dividends.)

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