Experiencing rapid growth


Problem:

Chartreuse County Choppers Inc. is experiencing rapid growth. The company expects dividends to grow at 17 percent per year for the next 12 years before leveling off at 6 percent into perpetuity. The required return on the company's stock is 12 percent. If the dividend per share just paid was $1.92,

Required:

What is the stock price?

Note: Please provide full description.

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Finance Basics: Experiencing rapid growth
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