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24) TatraInc has just reported $40 per share earnings that are currently growing at 30% per year. The company has not paid any dividends, but
24) TatraInc has just reported $40 per share earnings that are currently growing at 30% per year. The company has not paid any dividends, but expects to pay its first $10 per share dividend in 3 years (at T3), after which the company's growth will slow down and dividends would be expected to grow at 5% per year forever. The appropriate discount rate is 9%. What should be Tatras share price today?
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