Question: please answer question 17 and 19 thank you 17. Supernormal Growth (LO1) Duffs Co. is growing quickly. Dividends are expected to grow at a 24%

please answer question 17 and 19 thank you
please answer question 17 and 19 thank you 17. Supernormal Growth (LO1)

17. Supernormal Growth (LO1) Duffs Co. is growing quickly. Dividends are expected to grow at a 24% rate for the next three years, with the growth rate falling off to a constant 6% thereafter. If the required return is 11% and the company just paid a $1.90 dividend, what is the current share price? 18. Supernormal Growth (LO1) Rabbit Town Corp. is experiencing rapid growth. Dividends are expected to grow at 30% per year during the next three years, 20% over the following year, and then 6% per year indefinitely. The required return on thi stock is 10%, and the stock currently sells for $76 per share. What is the projected dividend for the coming year? 19. Negative Growth (LO1) Foxtrap Inc. is a mature manufacturing firm. The company just paid a $9.40 dividend, but management expects to reduce the payout by 4% per year indefinitely. If you require a 10% return on this stock, what will you pay for a share today

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