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Halimas and Company is a small start up business that will institute a dividend payment - a $0.25 dividend for the first time at the
Halimas and Company is a small start up business that will institute a dividend payment - a $0.25 dividend for the first time at the end of this year. The company expects rapid growth over the next four years and will increase its dividend to $0.50, then to $1.50 and then to $3.00. If you believe that Halimas and Company will deliver this dividend pattern and you desire a 13% return on your investment, what price should you offer for this stock (12.5 marks)
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