DBP Inc. just paid a dividend of $4.00. The expected growth rate

| June 9, 2016

Question
DBP Inc. just paid a dividend of $4.00. The expected growth rate of dividend is 4 percent. The required return for investors in the first three years is 15 percent and 13 percent for the following three years. After those six years the required return is 11 percent. What is the current share price of the stock?

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