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What is headland current stock price

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Problem 1: Headland Tire's current dividend is $5.40. Dividends are expected to grow by 25 percent for years 1 to 3 and 10 percent thereafter. The required rate of return on the stock is 14 percent. What is Headland's current stock price? (Round intermediate calculations to 4 decimal places, e.g. 7.1285 and final answer to 2 decimal places, e.g. 115.61.)

Reference no: EM132775057

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