Huang companys last dividend was 125 the dividend growth, Financial Management

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Huang companys last dividend was 125 the dividend growth

Huang Company's last dividend was $1.25. The dividend growth rate is expected to be constant at 30% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If the firm's required return (r) is 11%, what is its current stock price?

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Financial Management: Huang companys last dividend was 125 the dividend growth

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