Find the company current stock price

Reference no: EM1362276

A company's last dividend was $1.00. Its dividend growth rate is expected to be constant at 15% for 2 years, after which dividends are expected to grow at a rate of 10% forever. The required return (rs) is 12%.

What is the company's current stock price?

When you have a dividend that starts at 15% for two years and then grows at a constant rate "forever" how is that figured? (or set up)

Reference no: EM1362276

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