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Use financial calc if possible Biotech (BTKH) is a young start-up company and will not pay a dividend for the next 10 years because the
Use financial calc if possible
Biotech (BTKH) is a young start-up company and will not pay a dividend for the next 10 years because the firm is reinvesting all of its earnings into growing its business. The company will pay a $5.50 dividend 11 years from today and will increase the dividend by 5% per year thereafter. If the required rate of return on this stock is 13%, what is the current share price? (4 points)Step by Step Solution
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