Upton Co. is growing quickly. Dividends are expected to grow at 22 percent for the next three years, with the growth rat

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Upton Co. is growing quickly. Dividends are expected to grow at 22 percent for the next three years, with the growth rat

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Upton Co Is Growing Quickly Dividends Are Expected To Grow At 22 Percent For The Next Three Years With The Growth Rat 1
Upton Co Is Growing Quickly Dividends Are Expected To Grow At 22 Percent For The Next Three Years With The Growth Rat 1 (26.57 KiB) Viewed 52 times
Upton Co. is growing quickly. Dividends are expected to grow at 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 dividend of $2.35, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current share price
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