What is the value of the stock per share today

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Problem 1: Pacific Company is experiencing rapid growth. Dividends are expected to grow at 30% per year during the next three years, 20% over the following two years, and then 10% per year thereafter and forever. If the required return is 15% and the company just paid a dividend of $2.50 per share, what is the value of the stock per share today? Round your answer to two decimals

Reference no: EM132484618

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