Current Share Price

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Question

Wasserman Corp. is growing quickly. Dividends are expected to grow at a 28 percent rate for the next three years, with the growth rate falling off to a constant 7.4 percent thereafter. Required: If the required return is 16 percent and the company just paid a $3.45 dividend, what is the current share price? ( Hint: Calculate the first four dividends.) Jan 10 2014 03:14 AM

 

Solution ID:609197 | This paper was updated on 26-Nov-2015

Price : $24
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