Navel county choppers inc is experiencing rapid growth what


Navel County Choppers Inc. is experiencing rapid growth. The company expects dividends to grow at 22 percent per year for the next 8 years before leveling off at 7 percent into perpetuity. The required return on the company’s stock is 14 percent. If the dividend per share just paid was $1.84, what is the stock price?

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Financial Management: Navel county choppers inc is experiencing rapid growth what
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