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Finley Co. is growing quickly. Dividends are expected to grow at a 20 percent rate for the next two 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 $3.00 dividend, what is the current share price? Hint: Calculate the first three dividends.

answer: $58.32

how to get this with BAII PLUS financial calculator

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Bunny Greenfelder
Bunny GreenfelderLv2
29 Sep 2019
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