The Nikko Company's last dividend was $1.50.The dividend growth rate is expected to be constant at 15% for 3 years,after which dividends are expected to grow at a rate of 6% forever.If Nikko's required return (r_s) is 11%,what is the company's current share price?

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The Answer of The Nikko Company's last dividend was $1.50.The dividend growth rate is expected to be constant at 15% for 3 years,after which dividends are expected to grow at a rate of 6% forever.If Nikko's required return (r_s) is 11%,what is the company's current share price?

The Nikko Company's Last Dividend Was $1