Business, 06.06.2020 15:58 wowwowumbsi

New Gadgets, Inc., currently pays no dividend but is expected to pay its first annual dividend of $5.30 per share exactly 9 years from today. After that, the dividends are expected to grow at 3.9 percent forever. If the required return is 12.1 percent, what is the price of the stock today?

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New Gadgets, Inc., currently pays no dividend but is expected to pay its first annual dividend of $5...

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