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

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answerhappygod
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3 pts Smart Labs Technologies just paid a dividend of $5.9 per share and it is expected to grow 15% each year for the ne

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3 Pts Smart Labs Technologies Just Paid A Dividend Of 5 9 Per Share And It Is Expected To Grow 15 Each Year For The Ne 1
3 Pts Smart Labs Technologies Just Paid A Dividend Of 5 9 Per Share And It Is Expected To Grow 15 Each Year For The Ne 1 (19.52 KiB) Viewed 9 times
3 pts 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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