Five years from today the dividend is expected to be 600


Shares of Supra Co, are not expected to pay a dividend for the next four years.

Five years from today, the dividend is expected to be $6.00 per share, and will grow thereafter at an annual rate of 4% per year.

If stockholder require a 14% return, what is the current value of each share?

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Financial Management: Five years from today the dividend is expected to be 600
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