Question
Techfin Consulting, a profitable company, has yet to pay dividends. However, its board has indicated to initiate a $0.25 dividend in 4 years and increase
Techfin Consulting, a profitable company, has yet to pay dividends. However, its board has indicated to initiate a $0.25 dividend in 4 years and increase by 30% each year for 2 years before reaching a constant rate at 8% thereafter. Assuming a required return of 10%, estimate the stock's current value?
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