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will give good rating pls help asap (Estimated time allowance: 7 minutes) OneNo Corp. is start-up company and therefore is not paying dividends for the
will give good rating pls help asap
(Estimated time allowance: 7 minutes) OneNo Corp. is start-up company and therefore is not paying dividends for the next 8 years. At the following year, OneNo Corp. will start paying an annual dividend of $9 per share per year until year 12 (this is a period of 0% growth in dividends). Thereafter, it will increase the dividends by 3% per year forever. The required rate of return on this stock is 10%. What is the present value of dividends received during the 0% growth in dividends? Do not use the $ sign. Use commas to separate thousands. Use to decimals. Round to the nearest cent. For example if you obtain $1,432.728 then enter 1,432.72; if you obtain $432 then enter 432.00 Step by Step Solution
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