What is the market price of equity-extreme reaches corp

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The Extreme Reaches Corp. last paid a €1.50 per share annual dividend. The company is planning on paying €3.00, €5.00, €7.50, and €10.00 a share over the next four years, respectively. After that the dividend will be a constant €2.50 per share per year. What is the market price of this equity if the market rate of return is 15%?

Reference no: EM132685126

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