What is the current stock price

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Question - The common stockholders of a particular firm will receive a dividend in the amount of $1 per share at time 1. Dividends grow at the rate g1 = 0.14 until time 11; after time 11 dividends grow at the rate g2 =0.02. Assume that the cost of equity is 15%. What is the current (time 0) stock price?

Reference no: EM133177137

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