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Snap Inc. , a camera and social media company , became a publicly - traded company in the New York Stock Exchange in 2017. As
Snap Inc. , a camera and social media company , became a publicly - traded company in the New York Stock Exchange in 2017. As a young company , only founded by Evan Spiegel and Bobby Murphy in 2011 Snap expects to have exceptional growth rate in the earnings and dividends at the early stage of the Now , investors expect Snap to continue growing at for another three years before the growth rate will settle into constant rate of 5 % Suppose the most recently paid dividend was $ 1.65 per share and shareholder required rate of return is 12 % What is the fair price of Snap stock price now ? 20\% O $ 50.59 48.46 38.26
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