What is the current price of alex stock

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Reference no: EM131997703

Current details on the common stock of Alex Electronics Incorporated include: (a) it paid a $5.00 dividend one day ago (b) due to a competitive advantages they currently hold, they expect earnings will grow 20 percent annually for the next three years (c) investors require a 22 percent return on stocks comparable to Alex (d) after 3 years earning's growth will decline to 10 percent and remain there. What is the current price of Alex stock?

Reference no: EM131997703

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