What is the current share price for paperless inc

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The stock of Paperless Inc. just paid an annual dividend of $1.20 per share. The annual dividend is expected to grow by 6% per year for the next 4 years, and thereafter grow at only 3% per year. If the required rate of return is 8% annually:

a.) What is the share price at the end of year 3 for Paperless Inc.?

b.) What is the current share price for Paperless Inc.?

Please show the formula used

Reference no: EM133071540

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