What is the best estimate of the current stock price

Reference no: EM132068125

Question: The Ramirez Company's last dividend was $1.75. Its dividend growth rate is expected to be 25% for 1 year, after which dividends are expected to grow at a rate of 6% forever. Its required return is 12%. What is the best estimate of the current stock price?

Reference no: EM132068125

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