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Find what is the current price of the common stock

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Reference no: EM132643228

Problem 1: Everest Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product. Management expects earnings and dividends to grow at a rate of 35% for the next 2 years, 19.05% in year 3 and 4 and after which competition will probably reduce the growth rate in earnings and dividends to constant growth rate of 5.50%. The company's last dividend was $1.15, its beta is 1.95, the market risk premium is 6.85%, and the risk-free rate is 4.25%. What is the current price of the common stock?

Reference no: EM132643228

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