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Goodvin Technologics, a redatively young compary, has been wildly successful but has yet to pay a dividend, An analyst forecasts that Goodwin is Herly to

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Goodvin Technologics, a redatively young compary, has been wildly successful but has yet to pay a dividend, An analyst forecasts that Goodwin is Herly to pay its first dividend three years from now, She expects Goodwin to pay a $1.75000 dividend at that time (Ds = $1.75000 ) and believes that the dividend will grow by 9.10000% for the following two years (D. and D.). However, after the fifth year, she expects Goodwin's dividend to grow at a corstant rate of 3.48000% per year. Goodwin's required retum is 11,60000%. Fil in the following chart to determine Goodwin's horizon value at the horizon date (when constant growth begins) and the current intrinsic value. To increase the accuracy of your calculations, do not round your intermediate calculations, but round all final ansivers to two decimal places. Assuming that the markets are in equilibenum, Goodwh's current expected dividend ylaid is and Goodwin's capital gains yield is Geodwin has been very successful, but it hatn' paid a dividend yet it orculates a report to its key impestors containing the following staternent: Goodwin has a large selection of proficable investivent opgortupities. Is this atatement a possibie explanaten for why the fimm han't paid a dividend yet? No

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