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3 (10 points) Question #3: (10 Marks) Brandon Technology Corp currently (In 2020) does not pay a dividend. However, the company is expected to pay

3 (10 points) Question #3: (10 Marks) Brandon Technology Corp currently (In 2020) does not pay a dividend. However, the company is expected to pay $1.00 dividend two years from today (In 2022). The dividend is then expected to grow at a rate of 20 percent a year for the following two years. After the dividend is paid in 2024, it is expected to grow forever at a constant rate of 7 percent. The stock's required return is 13 percent. What should be the price of the stock today (In 2020)image text in transcribed

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