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balandron [24]
3 years ago
10

Upton co. Is growing quickly. Dividends are expected to grow at 20 percent for the next three years, with the growth rate fallin

g off to a constant 5 percent thereafter. If the required return is 14 percent and the company just paid a dividend of $2.50, what is the current share price? (do not round intermediate calculations. Round your answer to 2 decimal places,
e.G., 32.16.)
Business
1 answer:
Masteriza [31]3 years ago
7 0

<em>The answer to your question is 7.</em>

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