Navel County Choppers, Inc., is experiencing rapid growth. The company expects dividends to grow at 18 percent

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Navel County Choppers, Inc., is experiencing rapid growth. The company expects dividends to grow at 18 percent per year for the next 11 years before leveling off at 4 percent into perpetuity. The required return on the company’s stock is 11 percent. If the dividend per share just paid was $2.13, what is the stock price?

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Fundamentals Of Corporate Finance

ISBN: 9781265553609

13th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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