The shares of the new company are not expected to pay dividends for the next 3 years. From year 4 onwards, a dividend of

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answerhappygod
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The shares of the new company are not expected to pay dividends for the next 3 years. From year 4 onwards, a dividend of

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The shares of the new company are not expected to pay dividends for
the next 3 years. From year 4 onwards, a dividend of $2.70 is expected, with a growth rate of 9% indefinitely. Determine the share price today, if the required return for activities of similar risk is 12%.
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