Hughes Co. is growing quickly. Dividends are expected to grow at a rate of 22 percent for the next three years, with the

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answerhappygod
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Hughes Co. is growing quickly. Dividends are expected to grow at a rate of 22 percent for the next three years, with the

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Hughes Co. is growing quickly. Dividends are expected to grow at
a rate of 22 percent for the next three years, with the growth rate
falling off to a constant 5 percent thereafter. If the required
return is 12 percent and the company just paid a $2.35 dividend,
what is the current share price? (Do not round
intermediate calculations and round your final answer to 2 decimal
places. (e.g., 32.16))
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