What is the current stock price of garcia inc

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Problem: Garcia Inc. has a current dividend of $3 per share. Analysts expect that the dividend will grow at a rate of 25% a year for three years, and thereafter it will grow at a constant rate of 10% a year. The company's cost of equity capital is estimated to be 15%. What is the current stock price of Garcia Inc.? Need to learn HOW to solve for the answer.

Reference no: EM132421988

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