What is the current share price for the next three years

Reference no: EM13332778

Janicex Co. is growing quickly. Dividends are expected to grow at a rate of 22 percent for the next three years, with the growth rate falling off to a constant 5 percent thereafter. If the required return is 12 percent and the company just paid a dividend of $2.35, what is the current share price?

Reference no: EM13332778

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