Determine the current share price

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Reference no: EM131913012

Slap Engineering Inc. is growing quickly. Dividends are expected to grow at 10% rate for the next 3 years, with the growth rate falling to a constant 4% thereafter.

The required return is 12% and the company just paid a $2.00 annual dividend. What is the current share price?

Reference no: EM131913012

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