Question: 11) Zephyr Inc. sells wind based systems for generating electricity. The company pays no dividends, but you estimate the stock will be worth $50 per

 11) Zephyr Inc. sells wind based systems for generating electricity. The

11) Zephyr Inc. sells wind based systems for generating electricity. The company pays no dividends, but you estimate the stock will be worth $50 per share 5 years from now and you require a 15% rate of return for stock investments of this type. What price should you be willing to pay for this stock? A) $12.50 B) $24.86 C) $43.48 D) $57.50

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