What should be the stock price as of now

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Reference no: EM131889833

A company pays dividend. Its dividend per share remains at $1 for the first three years. Starting from the fourth year, the company will increase its dividend per share by 10% per year and this growth rate is expected to maintain. If the required rate of return on this stock is 15%, what should be the stock price as of now?

Reference no: EM131889833

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