question archive Kingston, Inc

Kingston, Inc

Subject:AccountingPrice:2.86 Bought3

Kingston, Inc., just paid a dividend of $3.40 on its stock. The growth rate in dividends is expected to be a constant 5 percent per year, indefinitely. Investors require a return of 13 percent on the stock for the first three years, a rate of return of 11 percent for the next three years, and then a return of 9 percent thereafter.

What is the current share price for the stock?


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2.86 USD


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