Multiple Choice
Jen's Fashions is growing quickly.Dividends are expected to grow at a 19 percent rate for the next 3 years,with the growth rate falling off to a constant 8 percent thereafter.The required return is 12 percent and the company just paid a $3.80 annual dividend.What is the current share price?
A) $128.96
B) $131.11
C) $135.95
D) $148.87
E) $152.20
Correct Answer:
Verified
Correct Answer:
Verified
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