Question: 12 pts Adams Engineering currently does not pay a dividend. They will begin paying a dividend of $2, 4 years from today. Once issued the
12 pts Adams Engineering currently does not pay a dividend. They will begin paying a dividend of $2, 4 years from today. Once issued the dividend will grow at a rate of 30% per year-during Years 5 through 8; but after Year 8, growth should be a constant 6% per year. If the required return on Adams is 14%, what is the value of the stock today
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