The growth rate in dividends is expected to be a constant 6

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Universal Laser, Onc., just paid a dividend of $2.75 on its stock. The growth rate in dividends is expected to be a constant 6% per year, indefinitely. Investors require a 16% return on the stock for the first three years, a 14 % return for the next three years, and then an 11% return thereafter. What is the current price for the stock?

Reference no: EM13598440

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