Hughes co is growing quickly dividends are expected to grow


Hughes Co. is growing quickly. Dividends are expected to grow at a rate of 22 percent for the next three years, with the growth rate falling off to a constant 7 Percent thereafter. If the required return is 12 percent and the company just paid a $1.30 dividend, what is the current share price?

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Financial Management: Hughes co is growing quickly dividends are expected to grow
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