If you have a company that will pay no dividends on stock


If you have a company that will pay no dividends on stock over the next nine years, but will pay a dividend of $11 per share exactly 10 years from today and will increase the dividend by 4 % per year thereafter. If the required return on this stock is 12%, what is the current share price?

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Basic Computer Science: If you have a company that will pay no dividends on stock
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