What is the price of hit em stock

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Hit Em Straight, Inc. recently paid an annual cash dividend of $1.75 per share. To maintain its market price the company must generate a 11% return and it predicts 2% in sustainable growth indefinitely. Using the dividend Growth Model, what is the current value of the company's stock?

What is the price of Hit'Em's stock if dividends are expected to grow at 20% for each of the next 2 years and there after settle into a long term growth rate of 2%?

Reference no: EM131190624

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