Analysts expect that the dividend will grow at a rate

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NYC Inc. has a current dividend of $3.00 per share (D0 = $3.00). Analysts expect that the dividend will grow at a rate of 25 percent per year for the next three years, and thereafter it will grow at a constant rate of 10 percent per year. The company's cost of equity capital is estimated to be 15 percent. What is the current stock price of NYC Inc.?

Reference no: EM13808561

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