Question: Duffs Co . is growing quickly. Dividends are expected to grow at a 2 4 percent rate for the next three years, with the growth

Duffs Co. is growing quickly. Dividends are expected to grow at a 24 percent rate for the next three years, with the growth rate falling off to a constant 6 percent thereafter. If the required return is 11 percent and the company just paid a $1.90 dividend, what is the current share price? Required return 11.0% Most recent dividend $ 1.90 Supernatural growth rate 24.0% Constant growth rate after year 36.0%Dividend year 1Dividend year 2Dividend year 3Stock Price year 3PV of CF year 1PV of CF year 2PV of CF year 3Price of the stock today

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