Janicex Co. is growing quickly. Dividends are expected to gr

Assignment Help Finance Janicex Co. is growing quickly. Dividends are expected to gr

Finance

Janicex Co. is growing quickly. Dividends are expected to gr

Janicex Co. is growing quickly. Dividends are expected to grow at a rate of 20 percent for the next… Show more Janicex Co. is growing quickly. Dividends are expected to grow at a rate of 20 percent for the next three years, with the growth rate falling off to a constant 8 percent thereafter. If the required return is 11 percent and the company just paid a dividend of $1.45, what is the current share price? (Round your answer to 2 decimal places. (e.g., 32.16)) • Show less

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