A firm does not pay a dividend. It is expected to pay its first dividend of $0.20 per share in three years. This dividen

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answerhappygod
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A firm does not pay a dividend. It is expected to pay its first dividend of $0.20 per share in three years. This dividen

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A firm does not pay a dividend. It is expected to pay its first
dividend of $0.20 per share in three years. This dividend will grow
at 11 per cent indefinitely. Use a 12 per cent discount rate.
Compute the value of this stock. Using the formulas and accurate
explanations.
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