Question: Chapter 8 : Non - Constant GrowthFalse Bard Corp is growing quickly. Dividends are expected to grow at a rate of 2 5 % next

Chapter 8: Non-Constant GrowthFalse Bard Corp is growing quickly. Dividends are expected to grow at a rate of 25% next year, then 16% in year 2, with the growth rate dropping to a constant 3.6%, thereafter. If the required return is 9.3% 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.Note: Enter your number with two (2) decimals and without the dollar sign. That is, if your answer is $5.385, enter 5.39.Most Recent Dividend$2.00Dividend Growth Year 125%Dividend Growth Year 216%Dividend Growth Years 3-infinity3.6%Required Rate of Return9.3%

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