Question: Could someone please help me with this question? I am in a hurry. Thank you so much Motorhomes Corp. just paid an annual dividend of
Could someone please help me with this question? I am in a hurry. Thank you so much
Motorhomes Corp. just paid an annual dividend of $0.3 per share. Its dividend is expected to growth at a higher rate of 20% for the next three years (D1 through D3), after which it will grow at a more modest pace of 7% per year. If the required return is 10%, what is the current price (rounding to 2 decimal places)?
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