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nonconstant growth computech corporation is expanding rapidly and currently needs to retain all of its earning; hence, it does not pay dividends. however, investors expect
nonconstant growth computech corporation is expanding rapidly and currently needs to retain all of its earning; hence, it does not pay dividends. however, investors expect computech to begin paying dividends beginning with a with a dividend of 0.5 coming 3 years from today. the dividend should grow rapid at a rate of 35% per year during years 4and5; growth should be a constantly 7% per year. I f the required return on computech is 13%, what is the value of the stock today?
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