The xfx companys last dividend was 150 the dividend growth, Finance Basics

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The xfx companys last dividend was 150 the dividend growth

Question: The XFX Company's last dividend was $1.50. The dividend growth rate is expected to be constant at 15% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If Nikko's required return (Rs) is 11%, what is the company's current stock price?

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Finance Basics: The xfx companys last dividend was 150 the dividend growth

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