Dartsch corporation just paid a dividend of euro 145


Dartsch Corporation just paid a dividend of euro 1.45. Dartsch is expected to increase its dividend by 12 percent for the next five years, thereafter the firm's dividends are expected to grow at a more modest rate of 4 percent indefinitely. If the required rate of return for Dartsch is 15 percent, what is the current price of the firm's stock?

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Financial Management: Dartsch corporation just paid a dividend of euro 145
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