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 percent indefinitely Using a 12 percent discount rate, compute the value of this stock

Question: 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

A firm does not pay a It is expected to pay its first of $0.20 per share in three years. This will grow at 11 percent indefinitely. Using a 12 percent discount rate, compute the value of this stock.

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