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MZ Technologies' dividend growth is expected to decline gradually. For the next four years, the growth is expected to be 20%. In year 5, 6,
MZ Technologies' dividend growth is expected to decline gradually. For the next four years, the growth is expected to be 20%. In year 5, 6, and 7 it is expected to grow at 16%, 12% and 8%. During year 8 and beyond, dividends are expected to grow at 5% for perpetuity. Assume the last dividend paid was $1(a moment ago) and the required rate of return is 10%. What is the current price?
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