Question: Mobray Corp is experiencing rapid growth. Dividends are expected to grow at a rate of 25% for the next three years, then 6% 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 25% for the next three years, then 6% per year forever. If the required return is 10%, and the company just paid a dividend of $2, what is the current share price? $103.52 $7.79 $85.56 $77.77

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