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NCG Corporation is a young start-up company and just paid dividend of $4.10 (Do). The firm is expecting the dividend to grow at a high
NCG Corporation is a young start-up company and just paid dividend of $4.10 (Do). The firm is expecting the dividend to grow at a high rate of return of 16% in the next three years, before slowing down to a constant 6% growth rate from that point forward. Assume the company has a required return of 12%. What is the price per share of the stock today? (10 points) Instruction: Round your final answer to 2 decimal places. Do not include any symbol, number only
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