Mcivers meals inc currently pays a 100 annual dividend

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McIver's Meals, Inc. currently pays a $1.00 annual dividend. Investors believe that the firm (anddividends) will grow at 15% next year, 10% annually for the two years after that, and 5% annuallythereafter. Assume the required return is 10%. What is the current market price of the stock?

Reference no: EM13382075

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