Business, 13.06.2020 01:57 klaytminecraft

Bruin Co. is growing quickly. Dividends are expected to grow at a rate of 25 percent for the next three years, with the growth rate falling of to a constant 5 percent thereafter. If the required return is 15 percent and the company just paid a $6.79 dividend, what is the share price at the end of supernormal growth (at Year 3)

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Bruin Co. is growing quickly. Dividends are expected to grow at a rate of 25 percent for the next th...

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