Question: Upton Co. is growing quickly. Dividends are expected to grow at 20 percent for the three years, with the growth rate falling off to a

 Upton Co. is growing quickly. Dividends are expected to grow at

Upton Co. is growing quickly. Dividends are expected to grow at 20 percent for the three years, with the growth rate falling off to a constant 5 percent thereafter. If the required return is 11 percent and the company just paid a dividend of $3.10, what is current share price? (Do not round intermediate calculations and round your ans 2 decimal places, e.g., 32.16.) X Answer is complete but not entirely correct. Current share price $ 8.14 x

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