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What is novak current stock price

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Novak Tire's current dividend is $4.90. Dividends are expected to grow by 20 per cent for years 1 to 3 and 10 per cent thereafter. The required rate of return on the stock is 15 per cent. What is Novak'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: EM132975354

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