What is the value of their shares of stock

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Reference no: EM13911326

Paradise Adventures just paid a dividend of $2.00. They are growing rapidly and are expecting to grow dividends at 20% for the next two years and then 10% in the third year before reducing the dividends to a constant growth rate of 3%. If the required return is 15%, what is the value of their shares of stock?

Reference no: EM13911326

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