What is your estimate of its current stock price

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Reference no: EM131599880

Morgan Company's last dividend (D₀) was $2.50. Its dividend growth rate is expected to be constant at 24% for 2 years, after which dividends are expected to grow at a rate of 6% forever. If the company's required return is 12%, what is your estimate of its current stock price?

Rounded to 2 decimal places, with no special characters.

Reference no: EM131599880

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