asked 121k views
1 vote
Biarritz Corp. is growing quickly. Dividends are expected to grow at a rate of 31 percent for the next three years, with the growth rate falling off to a constant 6.1 percent thereafter. If the required return is 12 percent and the company just paid a dividend of $2.80, what is the current share price

asked
User Ejdrien
by
7.3k points

1 Answer

2 votes

Answer:

$82.85

Step-by-step explanation:

answered
User Jeryl
by
8.4k points
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