Hungry Hippos Corp is a fast-growth company. 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 5 percent thereafter. If the required return is 11 percent, and the company just paid a dividend of $2.80, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)
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Hungry Hippos Corp is a fast-growth company. Dividends are expected to grow at a rate of 30 percent...
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