Growing quickly-dividends are expeted to grow at a rate

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Reference no: EM13921404

Yang Corp. is growing quickly. Dividends are expected to grow at a rate of 28 percent for the next three years, with the growth rate falling off to a constant 6.4 percent thereafter.

Required: If the required return is 16 percent and the company just paid a $2.95 dividend, what is the current share price?

Reference no: EM13921404

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