What should be the price today of one share of stock

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Jasper, Inc just paid an annual dividend of $10.00 per share. The next two annual dividends are expected to grow 18% per year, and annual dividends thereafter are expected to grow at 3% per year, forever, if the firms cost of equity capital is 14% per year, what should be the price today of one share of stock?

Reference no: EM132646672

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