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LCP, a new medical group, just paid (moments before time 0) a dividend of $2.00. These dividends are expected to grow at 20% a year
LCP, a new medical group, just paid (moments before time 0) a dividend of $2.00. These dividends are expected to grow at 20% a year for the next two years (i.e., t=1 and t=2), and at 4% a year thereafter. What is the value of the stock if the discount rate is 12%? Equal to $15 Between $17 and $18 Greater than $18 O Between $15 and $16
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