(Answered) Bacchus vineyards inc is expected to pay its first annual

Finance

Bacchus Vineyards, Inc. is expected to pay its first annual dividend five years from now. That payment will be $4.39 a share. Starting in year six, the company will increase the dividend by 3.7 percent per year. The required return is 10.8 percent. What is the value of this stock today?

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