Solution-What is the current share price

What is the current share price

Reference no: EM133119976

GMC is growing quickly. Dividends are expected to grow at a rate of 6 percent for the next three years, with the growth rate declining to a constant 2 percent thereafter. If the required return is 10 percent for the first two years and then 8 percent thereafter. The company just paid a dividend of $4, what is the current share price?

Reference no: EM133119976

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What is the current share price

Reference no: EM133119976

Reference no: EM133119976

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