What is the price per share

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The Snow Company is not expected to pay any dividends for the next 3 years. Beginning 4 years from today, investors expect to receive a dividend of $2 per share for 3 years and then a dividend of $3 per share for each of the next 4 years. Then dividends are expected to grow at 4% per year forever. If you require a 15% return, what is the price per share?

Reference no: EM132169147

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