2023 New Gadgets Inc currently pays no dividend but is expected to pay its first annual dividend of | Assignments Online
2023 New Gadgets Inc currently pays no dividend but is expected to pay its first annual dividend of | Assignments Online
Assignments Online 2023 Business Finance
New Gadgets, Inc., currently pays no dividend but is expected to pay its first annual dividend of $4.55 per share exactly 6 years from today. After that, the dividends are expected to grow at 2.8 percent forever. If the required return is 10.6 percent, what is the price of the stock today?
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