An enterprise is expected to pay a dividend of $0.65 in one year. The dividend is expected to grow at a rate of 12% per

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answerhappygod
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An enterprise is expected to pay a dividend of $0.65 in one year. The dividend is expected to grow at a rate of 12% per

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An enterprise is expected to pay a dividend of $0.65 in oneyear. The dividend is expected to grow at a
rate of 12% per year for the next five years as the firm goesthrough a period of rapid growth. After that,
it is expected to grow at an average rate of 7% per yearforever. If the required return is 22%, what is
the value of a share?
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