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Company TYK forecasts that it will begin paying dividends seven years from now, at which point dividends are $1 per share. Thereafter, dividends are expected
Company TYK forecasts that it will begin paying dividends seven years from now, at which point dividends are $1 per share. Thereafter, dividends are expected to growth at a constant rate of 6% per year. The discount rate for TYK is 10%. How much would you pay for one share in Company TYK?
*Make sure to input all currency answers without any currency symbols or commas, and use two decimal places of precision. (Answer isn't 14.11 0r 13.6 or 14.84) (Do not round intermediary calculations)
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