Question: Mobray Corp is experiencing rapid growth. Dividends are expected to grow at a rate of 20% for the next three years, then 5% per year

Mobray Corp is experiencing rapid growth. Dividends are expected to grow

Mobray Corp is experiencing rapid growth. Dividends are expected to grow at a rate of 20% for the next three years, then 5% per year forever. If the required return is 10%, and the company just paid a dividend of $3, what is the current share price? $108.86 $81.79 $92.53 $85.56

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