Question: Chapter 7 : Non - Constant Growth False Bard Corp is growing quickly. Dividends are expected to grow at a rate of 2 5 %

Chapter 7: Non-Constant Growth
False Bard Corp is growing quickly. Dividends are expected to grow at a rate of 25% next year, then 20% in year 2, with the growth rate dropping to a constant 4%, thereafter. If the required return is 10% and the company just paid a dividend of $2.00, what is the current share price?
Use the below table if you wish to copy the data into Excel.
\table[[Most Recent Dividend,$2.00
 Chapter 7: Non-Constant Growth False Bard Corp is growing quickly. Dividends

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