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What is the current share price for spear-it inc

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Problem 1: Spear-It Inc is expected to pay a $2.5 dividend next year. This will grow at 7% a year for the following three years. Afterwards, the company will maintain a constant 2% growth rate in dividends in perpetuity. If the required return on the stock is 5%, what is the current share price?

Reference no: EM132708451

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