What is the current stock price of ramirez

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The Ramirez Company's last dividend was $1.75. Its dividend growth rate is expected to be constant at 21% for 2 years, after which dividends are expected to grow at a rate of 6% forever. Its required return is 12%. What is the current stock price of Ramirez? ($39.34 or $40.02 ?)

Reference no: EM133069881

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