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Question 1: (10 marks) It is now January 1, 2017. ARTEMIS Engineering of Abu Dhabi has just developed a solar panel capable of generating 200%

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Question 1: (10 marks) It is now January 1, 2017. "ARTEMIS Engineering" of Abu Dhabi has just developed a solar panel capable of generating 200% more electricity than any solar panel currently on the global market. As a result, the firm is expected to experience a 30% annual-growth for- the next five years. By the end of five years other firms will have developed comparable technology, and Artemis's growth rate will slow to 8% per year indefinitely. Stockholders require a return of 12% on the firm's stock. The most recent annual dividend Do, which was paid yesterday, was $1.50 per share. a. Calculate the expected dividends for 2017 through 2022. b. Calculate the value of the stock today. Assume that the stock is traded at the NASDAQ with a price of $120. Is this stock Overvalued/Undervalued? c. Calculate the Dividend yield in 2017

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