1. Chain Reaction SA, has been growing at a phenomenal rate of 30% per year because of...
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Question:
1. Chain Reaction SA, has been growing at a phenomenal rate of 30% per year because of its rapid expansion and explosive sales. You believe that this growth rate will last for three more years and that the rate will than drop to 10% per year. Total dividends just paid were 5 million euros, and the required return is 20%. If the growth rate than remains at 10% indefinitely, what is the current share price?
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