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Burton corp is growing quickly dividends are expected to

Burton Corp. is growing quickly. Dividends are expected to grow at a rate of 25 percent for the next three years, with the growth rate falling off to a constant 6 percent thereafter. If the required return is 11.5 percent and the company just paid a dividend of $2.50, what is the current share price?

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Finance Basics: Burton corp is growing quickly dividends are expected to

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