Corleone Crafts just paid a $1.25 dividend. Corleone's growth rate is expected to be 30 percent for 2 years, after which dividends are expected to grow at a rate of 6 percent forever. Corleone's required rate of return on equity (rs) is 10 percent. What is the current price of Corleone's common stock?

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The Answer of Corleone Crafts just paid a $1.25 dividend. Corleone's growth rate is expected to be 30 percent for 2 years, after which dividends are expected to grow at a rate of 6 percent forever. Corleone's required rate of return on equity (rs) is 10 percent. What is the current price of Corleone's common stock?

Corleone Crafts Just Paid a $1