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Runyon Industries is expected to enjoy a very rapid growth rate in dividends of 30 percent a year for the next 4 years. This growth

Runyon Industries is expected to enjoy a very rapid growth rate in dividends of 30 percent a year for the next 4 years. This growth rate is then expected to slow to 20 percent a year for the next 5 years. After that time, the growth rate is expected to be 5 percent a year. DO is $3. The beta for this stock is 1.5. The expected return on the market is 11 percent, and the risk-free rate is 5 percent. Estimate the value of the firm operation?

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Runyon Industries is expected to enjoy a very rapid growth rate in dividends of 30 percent a year for the next 4 years. This growth rate is then expected to slow to 20 percent a year for the next 5 years. After that time, the growth rate is expected to be 5 percent a year. DO is $3. The beta for this stock is 1.5. The expected return on the market is 11 percent, and the risk-free rate is 5 percent. Estimate the value of the firm operation

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