Current Attempt in Progress Sheffield Tire's current dividend is $4.10. Dividends are expected to grow...
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Current Attempt in Progress Sheffield Tire's current dividend is $4.10. Dividends are expected to grow by 20 percent for years 1 to 3 and 10 percent thereafter. The required rate of return on the stock is 13 percent. What is Sheffield's current stock price? (Round intermediate calculations to 4 decimal places, eg. 7.1285 and final answer to 2 decimal places, eg. 115.61.) Stock prices
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