Question: 75 points Upton Co. is growing quickly. Dividends are expected to grow at 22 percent for the next three years, with the growth rate falling

75 points Upton Co. is growing quickly. Dividends are expected to grow at 22 percent for the next three years, with the growth rate falling off to a constant 4 percent thereafter. If the required return is 12 percent and the companyjust paid a dividend of $1.60, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current share price _ Alanna stock pays an annual dividend of $2.65 per share and has done so for the past seven years. No changes in the dividend amount are 2 expected. The relevant market rate of return is 11.5 percent. Given this information, one share of this stock Multiple Choice 25 points 0 is basically worthless as it offers no growth potential. is valued as a nonconstant growth stock. is valued as a perpetuity. is valued as a differential growth stock. has a current market value of $2.65. 0000

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