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Current Share Price for the Stock Assignment | Homework For You

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May 29th, 2020

Universal Laser, Inc., just paid a dividend of $3.35 on its stock. The growth rate in dividends is expected to be a constant 4 percent per year indefinitely. Investors require a return of 16 percent on the stock for the first three years, a return of 14 percent for the next three years, and then a return of 12 percent thereafter. What is the current share price for the stock?Get Finance homework help todayHomework For You

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