Earnings and didvidends per share are expected to grow at a, Financial Management

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Earnings and didvidends per share are expected to grow at a

Scubaland, Inc is experiencing a period of rapid growth. Earnings and didvidends per share are expected to grow at a rate of 18% during the next 2 years, 15% in the third year and 6% thereafter.

Yesterday, Scubaland paid a dividend of 1.15$. If the required rate of return in stock is 12%, what is the price of a share of the stock today?

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Financial Management: Earnings and didvidends per share are expected to grow at a

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Financial Management: Earnings and didvidends per share are expected to grow at a

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