Can someone please help me resolve this problem?
Taylor Corp. is growing quickly. Dividends are expected to grow at a 28 percent rate for the next three years, with the growth rate falling off to a constant 7.9 percent thereafter.
Taylor Corp. is growing quickly. Dividends are expected to grow at a 28 percent rate for the next three years, with the growth rate falling off to a constant 7.9 percent thereafter.
| Required: |
| If the required return is 16 percent and the company just paid a $3.70 dividend, what is the current share price? Thanks a million |