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What is the current share price

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Question - A young start-up company is not going to pay a dividend on its common stock over the next eight years. For the following ten years it will pay an annual dividend of $3.40 per share. Then it will increase its annual dividend by 2.7 percent per year thereafter. If the require rate of return on this stock is 9.4 percent, what is the current share price?

Reference no: EM133116983

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