Morgans companys last dividend d0 was 160 what is your, Financial Management

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Morgans companys last dividend d0 was 160 what is your

Morgans Companys last dividend (D₀) was $1.60. Its dividend growth rate is expected to be constant at 24% for 2 years, after which dividends are expected to grow at a rate of 6% forever. If the companys required return is 12%, what is your estimate of its current stock price? PLEASE round your answer 2 decimal places.

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