Goodell Corporation just paid its annual dividend of $1.75, today. Dividends for the Goodell Corporation are expected to increase by 27.5 percent in year one and 13.8 percent in year 2. After year two, dividends are expected to increase at a rate of 5 percent per year.
What is the current price of Goodell Corporation's stock? Assume the required rate of return is 10 percent.
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Home » Business » Goodell Corporation just paid its annual dividend of $1.75, today. Dividends for the Goodell Corporation are expected to increase by 27.5 percent in year one and 13.8 percent in year 2.