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QUESTION
A just launched a new product, dividends are expected to grow at 10% per year for 10 years, then at 5% thereafter. If the required return is 15%,...
Corp. A just launched a new product, dividends are expected to grow at 10% per year for 10 years, then at 5% thereafter. If the required return is 15%, and the dividend in the coming year is $5.00, what is the share price?
What if after 10 years, the firm adopted a constant dividend policy?
