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please help asap (Estimated time allowance: 8 minutes) Cero Inc. has not paid dividends on its stock for the past 5 years and no dividends
please help asap
(Estimated time allowance: 8 minutes) Cero Inc. has not paid dividends on its stock for the past 5 years and no dividends will be paid over the next 11 years, because the firm needs to plow back its earnings to fuel growth. The company will then pay a $20 per share dividend at the end of year 12 and thereafter it will increase the dividends by 3% per year forever. If the required rate of return on this stock is 10%, what is the current (today's) share price? Do not use the signs. Use commas to separate thousands. DO NOT USE decimals. Round to the nearest DOLLAR. For example if you obtain $1.432.728 then enter 1,433 or if you obtain 51.120,1321 then enter 1,120 Step by Step Solution
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