Given the required rate of return is 115 and the dividend


Victoria Company grows fast, and its dividend is expected to grow 25% for the next three years, and thereafter to grow 6% forever. Given the required rate of return is 11.5% and the dividend just paid is $2.50, what is the maximum price that an investor is willing to pay?

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Financial Management: Given the required rate of return is 115 and the dividend
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