Business, 21.10.2020 16:01, Jakyramason

Burton Corp. is growing quickly. Dividends are expected to grow at a rate of 32 percent for the next three years, with the growth rate falling off to a constant 6.2 percent thereafter. If the required return is 14 percent and the company just paid a dividend of $2.85, what is the current share price?

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Burton Corp. is growing quickly. Dividends are expected to grow at a rate of 32 percent for the next...