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Tesla, a company that specializes in electric vehicle, was founded in 2003 and is experiencing rapid growth. After a few years, it decided to go
Tesla, a company that specializes in electric vehicle, was founded in 2003 and is experiencing rapid growth. After a few years, it decided to go public in 2010. The stock currently sells for $50 per share and the required return on this stock is 10 %. Dividends are expected to grow at 30 percent per year during the next three years, 15 percent over the following year, and then 5 percent per year indefinitely. What is the projected dividend for the coming year?
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