What is the current share price for the stock

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Universal Laser, Inc., just paid a dividend of $4.00 on its stock. The growth rate in dividends is expected to be a constant 6 percent per year, indefinitely. Investors require a return of 15 percent on the stock for the first three years, a rate of return of 13 percent for the next three years, and then a return of 11 percent thereafter.

What is the current share price for the stock?

Reference no: EM132046669

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