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QUESTION
Dividend Initiation and Stock Value A firm does not pay a dividend. It is expected to pay its first dividend of $1.30 per share in 2 years. This...
Dividend Initiation and Stock Value A firm does not pay a dividend. It is expected to pay its first dividend of $1.30 per share in 2 years. This dividend will grow at 14 percent indefinitely. Using a 16 percent discount rate, compute the value of this stock.
