A new app wants to attract investors it will be issuing


A new app wants to attract investors. It will be issuing stock that will pay $10.50 next year, grow 15% in year 2, 20% in year 3, 25% in year 4 and then 5% thereafter. Assuming a return of 16%, what is the most you will pay for this stock?

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Financial Management: A new app wants to attract investors it will be issuing
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