The next two annual dividends will be in the amount

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Last week, Onboard Co. has announced that the next two annual dividends will be in the amount of $2.23 and $3.6, respectively. After that, the dividends will increase by 3.54 percent annually. The required return on this stock is 10.6 percent. What is the current price per share? (Hint: draw this out on a timeline.)

Reference no: EM131064075

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