Growth rate in dividends is expected to be a constant

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Universal Laser, Inc. just paid a dividend of $2.65 on its stock. The growth rate in dividends is expected to be a constant 4% per year indefinitely. Investors require a return of 16% on the stock for the first 3 years, a return of 14% for the next 3 years, and then a return of 11% thereafter. What is the current share price for the stock?

Reference no: EM131449472

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