Estimate the current share price of queen inc

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Currently, Queen Inc. pays no dividends. However, analysts forecast that in 3 years Queen Inc. will pay its first annual dividend of $2.3 and dividends will grow at 4.1% per year thereafter. If stocks with similar risk to the equity of Queen Inc. currently earn 14.8%, estimate the current share price of Queen Inc.

Reference no: EM132466405

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