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Listen You are considering buying shares in a company that is expanding very fast. Therefore, the company will pay $ 0 dividends for the next

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You are considering buying shares in a company that is expanding very fast. Therefore, the company will pay $0 dividends for the next 3 years. After that, starting at the end of year 4, it will pay a dividend of $0.75 per share to its common shareholders and increase it by 5% each year forever. If you require 10% per year on this investment, how much would you pay for the stock?
Please click here to solve the question in Spreadsheet.
a) $20.15
b) $11.27
c) $12.89
D)17.68
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