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Facebook Corporation (FB) has been growing at a rate of 34% per year in recent years. This same supernormal growth rate is expected to last

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Facebook Corporation (FB) has been growing at a rate of 34% per year in recent years. This same supernormal growth rate is expected to last for another 5 years, during which it will not pay dividend. It will start paying a dividend of $6 a share in 6 th 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 10 percent. What should be the current market price per share of its stock? 062.09 68.29 58.98 55.88 52.77

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