What is the current market price of one share of this stock

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Reference no: EM131581781

MicroTron is a new entrant into a rapidly growing industry. The firm is plans to increase its annual dividend by 25 percent a year for the next three years and then decreasing the growth rate to 6 percent per year. The company just paid an annual dividend of $0.80 per share. What is the current market price of one share of this stock if the required rate of return is 17 percent?

Reference no: EM131581781

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