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Sirius Cybernetics Corp does not plan to issue a dividend for9years. On the10thyear, the company plans to issue a dividend of$2.30and expects future dividends to
Sirius Cybernetics Corp does not plan to issue a dividend for9years. On the10thyear, the company plans to issue a dividend of$2.30and expects future dividends to grow by3.6%each year thereafter. If you require a return of7.3%, what is the maximum price you are willing topay today for this stock?
a.$68.37
b.$32.97
c.$56.97
d.$47.48
e.$39.56
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