question archive Probably Company's last dividend was $4

Probably Company's last dividend was $4

Subject:FinancePrice:2.86 Bought22

Probably Company's last dividend was $4. The dividend growth rate is expected to be constant at lx % for 3 years, after which dividends are expected to grow at a rate of x % forever. If the firm's required return (rs) is 12%, what is its current stock price?

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