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Upper Gullies Corp. just paid a dividend of $2.20 per share.

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Upper Gullies Corp. just paid a dividend of $2.20 per share. The dividends are expected to grow at 22 percent for the next eight years and then level off to a growth rate of 7 percent indefinitely. If the required return is 14 percent, what is the price of the stock today? (Round your answer to 2 decimal places. (e.g., 32.16));Additional Requirements;Min Pages: 1;Level of Detail: Show all work

 

Paper#23477 | Written in 18-Jul-2015

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