The current share price

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K’s Fashions is growing quickly. Dividends are expected to increase by 15 percent annually for the next three years, with the growth rate falling off to a constant 5 percent thereafter. The required return is 16 percent and the company just paid a $3.80 annual dividend. What is the current share price?

Please show your work step-by-step manually by hand without tables/charts/excel/calculator-finance-app-solver info.

Reference no: EM131886521

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