Red-blue co is growing quickly dividends are expected to


Red-Blue Co. is growing quickly. Dividends are expected to grow at a rate of 24% for the next three years, with the growth rate falling off to the constant 6% per year indefinitely.

If the required return is 11%, and the company just paid a dividend of $1.90, what is the current share price?

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Financial Management: Red-blue co is growing quickly dividends are expected to
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