Current value of one common share of sml

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(SML) is a new corporation in a rapidly growing industry. Management at SML plans to increase its annual dividend by 20% per year for each of the next three years and then decrease the dividend growth rate to 6% per year thereafter. SML just paid its annual dividend of $1.20 per share. SML's required rate of return is 15%.

Determine the current value of one common share of SML

Reference no: EM132557389

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