Question: Differential Growth: Upton Co. is growing quickly. Dividends are expected to grow at 26 percent for the next three years, with the growth rate falling

Differential Growth: Upton Co. is growing quickly. Dividends are expected to grow at 26 percent for the next three years, with the growth rate falling off to a constant 4.5 percent thereafter. If the required return is 10.4 percent and the company just paid a dividend of $2.45, what is the current share price?

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