What is current share price for stock

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Reference no: EM131905391

Universal Laser, Inc., just paid a dividend of $3.80 on its stock. The growth rate in dividends is expected to be a constant 4 percent per year, indefinitely. Investors require a return of 12 percent on the stock for the first three years, a rate of return of 10 percent for the next three years, and then a return of 8 percent thereafter. What is the current share price for the stock?

Reference no: EM131905391

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