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A company will pay a dividend of $10 per share today. This dividend is expected to grow at 12% per year for five years. Afterwards,
A company will pay a dividend of $10 per share today. This dividend is expected to grow at 12% per year for five years. Afterwards, no dividend will be paid for the next 3 years. After that period, a dividend will be paid at the start of the year that is equal to the last dividend paid, and payments will continue annually increased by 2%. If the yield of corporate bonds of the same rating as the company is 7%, what is the current value of the share
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