Business
Business, 01.04.2021 17:00, clairefc2019

Navel County Choppers, Inc., is experiencing rapid growth. The company expects dividends to grow at 16 percent per year for the next 10 years before leveling off at 6 percent into perpetuity. The required return on the company’s stock is 11 percent. If the dividend per share just paid was $1.87, what is the stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

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Navel County Choppers, Inc., is experiencing rapid growth. The company expects dividends to grow at...

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