Compute what is the share current price

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Problem 1: A firm has Div1=$0.80, 2=$0.96, 3=$0.74 and 4=$0.78 for a stock. You also estimate that, after year 4, dividends will grow continually at a rate of 3% per year. If the required return to hold the share is 14.6%, what is the share's current price?

Reference no: EM132701560

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