Determining the current share price-hughes co

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Reference no: EM133121317

Hughes Co. is growing quickly. Dividends are expected to grow at a 28.5 % rate for the next three years, with the growth rate falling off to a constant 5.6 % thereafter.

If the required return is 9.9 % and the company just paid a $1.72 dividend, what is the current share price? (Round answer to 2 decimal places. Do not round intermediate calculations).

Reference no: EM133121317

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