Business, 26.12.2020 22:00 123hhh

A start up company has declared that it will not pay any dividends on its stock over the next 9 years because it requires all of its earnings to be plowed back into the business to fuel growth. The firm will pay a $14 per share dividend 10 years from today and will increase the dividend by 3.9% per year thereafter. If the required rate of return on this stock is 12.5%, what is the current share price

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A start up company has declared that it will not pay any dividends on its stock over the next 9 year...