Question: The Copperfield Auction House is growing quickly. Dividends are expected to grow at 20% for the next three years, after which growth is expected to

The Copperfield Auction House is growing quickly. Dividends are expected to

The Copperfield Auction House is growing quickly. Dividends are expected to grow at 20% for the next three years, after which growth is expected to be a constant 5%. The required return is 20% and the company just paid a $0.35 annual dividend. What is the current share price? a) S3.50 b) $6.14 c) S2.41 d) $5.32 e) $4.75 3)

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