Question: Please don't use Excel as I must understand the material, thank you. Alicorn has the following information: - Dividends are expected to grow at a

Please don't use Excel as I must understand the material, thank you.

Alicorn has the following information:

- Dividends are expected to grow at a rate of 15% for the next 6 years.

- Then, the growth rate drops to 4% thereafter.

- The company just paid a dividend of $2.65.

Calculate the current share price if the required return is 10%.

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