Question: Delta Company has some very exciting prospects in the near future. As a result it is expected to grow at a rate of 20% for

Delta Company has some very exciting prospects in the near future. As a result it is expected to grow at a rate of 20% for the next ywo years. After the year it will grow at 7% indefinitely. The required rate of return on the stock is currently 14% and Delta paid a dividend of $2.60 (i.e., D 0 ) recently. What should the value of Delta's stock per share be for today?

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Practical financial management 5th Edition by William r. Lasher