Lincoln Ladies Fashions is growing quickly. Dividends are expected to grow at a 19 percent rate for the next 3 years, with the growth rate falling off to a constant 8 percent thereafter. The required...


Lincoln Ladies Fashions is growing quickly. Dividends are expected to grow at a 19 percent rate for the next 3 years, with the growth rate falling off to a constant 8 percent thereafter. The required return is 12 percent and the company just paid a $3.80 annual dividend. What is the current share price? Solve using a Financial Calculator showing all calculator inputs.
a. $129.96
b. $135.95
c. $148.87
d. $153.20



Jun 07, 2022
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