Question
A firm does not pay a dividend. It is expected to pay its first dividend of $0.24 per share in three years. This dividend will
| A firm does not pay a dividend. It is expected to pay its first dividend of $0.24 per share in three years. This dividend will grow at 8 percent indefinitely. Use a 9 percent discount rate. |
| Compute the value of this stock. (Round your answer to 2 decimal places.) |
| Stock value | $ |
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The Crowdfunding Handbook Raise Money For Your Small Business Or Start Up With Equity Funding Portals
Authors: Cliff Ennico
1st Edition
081443360X, 978-0814433607
