Smart Labs Technologies just paid a dividend of $5.9 per share and it is expected to grow 15% each year for the next 4 y

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Smart Labs Technologies just paid a dividend of $5.9 per share and it is expected to grow 15% each year for the next 4 y

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Smart Labs Technologies Just Paid A Dividend Of 5 9 Per Share And It Is Expected To Grow 15 Each Year For The Next 4 Y 1
Smart Labs Technologies Just Paid A Dividend Of 5 9 Per Share And It Is Expected To Grow 15 Each Year For The Next 4 Y 1 (14.54 KiB) Viewed 20 times
Smart Labs Technologies just paid a dividend of $5.9 per share and it is expected to grow 15% each year for the next 4 years. After that, dividends will have a constant growth of 3% annually. The required rate of return for this stock is 11%. Given this information, what would be the share price for this firm? Round your answer to two decimals and enter your answer in the box below.
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