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Business, 23.03.2020 19:00 tanabugg

Biarritz Corp. is growing quickly. Dividends are expected to grow at a rate of 30 percent for the next three years, with the growth rate falling off to a constant 7.5 percent thereafter. If the required return is 13 percent and the company just paid a dividend of $2.55, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)Share price

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