Burton Corp. is growing quickly. Dividends are expected to grow at a rate of 29 percent for the next three years, with the growth rate falling off to a constant 7.3 percent thereafter. If the required return is 15 percent and the company just paid a dividend of $3.40, what is the current share price?
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Home » Business » Burton Corp. is growing quickly. Dividends are expected to grow at a rate of 29 percent for the next three years, with the growth rate falling off to a constant 7.3 percent thereafter.