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Nanofied Food Inc. just issued stock and the price is fluctuating wildly! The company prospectus indicated that it would not pay out any dividend for
Nanofied Food Inc. just issued stock and the price is fluctuating wildly! The company prospectus indicated that it would not pay out any dividend for the firse 12 years, but planned on issuing its first annual dividend in year thirteen in the amount of $1.72. The expectation is that the company will be on a regular growth trend of 7.41% from year thirteen on. If you have a required return of 12%, what is the price point you would look for to buy into Nanofied Foods now? Buy at $9.62 or lower Buy at $38 or lower Buy at $121.79 or lower Buy at $14.71 or lower Buy at $21.80 or lower -> & Moving to another question will save this response. Question 8 of 12
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