Sea Side, Inc., just paid a dividend of $2.28 per share on its stock. The growth rate in dividends is expected to be a constant 3.3 percent per year indefinitely. Investors require a 21 percent return on the stock for the first three years, then a 16 percent return for the next three years, and then a 14 percent return thereafter. What is the current share price?

Sea Side, Inc., just paid a dividend of $2.28 per share on its stock. The growth rate in dividends is expected to be a constant 3.3 percent per year indefinitely. Investors require a 21 percent return on the stock for the first three years, then a 16 percent return for the next three years, and then a 14 percent return thereafter. What is the current share price?

Sea Side, Inc., just paid a dividend of $2.28 per share on its stock. The growth rate in dividends is expected to be a constant 3.3 percent per year indefinitely. Investors require a 21 percent return on the stock for the first three years, then a 16 percent return for the next three years, and then a 14 percent return thereafter. What is the current share price?