Question: Question 9 5 pts HCC, Inc., expects its dividends to grow at 25 percent per year for the next seven years before levelling off to

 Question 9 5 pts HCC, Inc., expects its dividends to grow

Question 9 5 pts HCC, Inc., expects its dividends to grow at 25 percent per year for the next seven years before levelling off to a constant 3 percent growth rate. The required return is 11 percent. What is the current stock price if the annual dividend per share that was just paid was $1.05? cor ider e $43.21 $44.36 $38.93 $32.11 $39.96 $1.3 idend - $1.31 $1.64

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