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Problem 1: (2.5p) The NEMN co. paid no dividend recently. However, it projected to pay $10 dividend per share next year; $15 dividend one year

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Problem 1: (2.5p) The NEMN co. paid no dividend recently. However, it projected to pay $10 dividend per share next year; $15 dividend one year after due to a very successful project, then dividend is expected to grow at a rate of 0% forever as the same as the dividend policy before. NEMN' beta is 1.2; Market risk premium is 10%; Treasury rate is 3%. What is NEMN stock price

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