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What is the current share price

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Reference no: EM131647419

Hughes Co. is growing quickly. Dividends are expected to grow at a 17.4 % rate for the next three years, with the growth rate falling off to a constant 5.2 % thereafter. If the required return is 11.3 % and the company just paid a $2.12 dividend, what is the current share price? (Round answer to 2 decimal places. Do not round intermediate calculations).

Reference no: EM131647419

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