A firm does not pay a dividend it is expected to pay its, Ask an Expert

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A firm does not pay a dividend. It is expected to pay its first dividend of $0.36 per share in three years. This dividend will grow at 8 percent indefinitely. Use a 9 percent discount rate.

Compute the value of this stock. (Round your answer to 2 decimal places.)

Stock value $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92787378

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