Question: Supernormal Growth ( LO 1 ) Duffs Co . is growing quickly. Dividends are expected to grow at a 2 4 % rate for the

Supernormal Growth (LO1) Duffs Co. is growing quickly. Dividends are expected to grow at a24% 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?

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