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What is the current share price

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Question - Melanie Corp. is growing quickly. Dividends are expected to grow at a rate of 25 percent for the next three years, with the growth rate falling off to a constant 6.5 percent thereafter. If the required return is 13.6 percent and the company just paid a dividend of $1.77, what is the current share price?

Reference no: EM132824552

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