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Diaz Corp. is expected to grow rapidly at a rate of 35 percent for the next seven years. The company's first dividend, to be paid three years from now, will be $5. After seven years, the company (and the dividends it pays) will grow at a rate of 6.90 percent. What is the value of Diaz stock with a required rate of return of 14 percent? (Round intermediate calculations to 3 decimal places, e.g. 15.251 and final answer to 2 decimal places, e.g. 15.20.)

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Financial Management, Finance

Category:- Financial Management
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