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D Question 8 2.5 pts Facebook Corporation (FB) has been growing at a rate of 33% per year in recent years. This same supernormal growth
D Question 8 2.5 pts Facebook Corporation (FB) has been growing at a rate of 33% per year in recent years. This same supernormal growth rate is expected to last for another 3 years, during which it will not pay dividend. It will start paying a dividend of $7 a share in 4th year. After this, earnings and dividends are expected to grow at a 4 percent annual rate indefinitely. Investors currently require a rate of return of 11 percent. What should be the current market price per share of its stock? 80.42 O 65.79 62.14 69.45 73.11
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