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Dune Desalination Inc. will begin paying semiannual dividends 3 years from now. The market expects Dune's rst dividend to be $2.20 and then grow its

Dune Desalination Inc. will begin paying semiannual dividends 3 years from now. The market expects Dune's first dividend to be $2.20 and then grow its divends by 2.4% per year with semiannual compounding. If your next best invesment of similar risk yields 53 bps per month.


What is a share of Dune worth?

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