Question: 3. Suppose that Match Group (Match.com) expects to pay its first ever dividend of $.20 per share next year (year 1). The dividend is expected

3. Suppose that Match Group (Match.com) expects to pay its first

3. Suppose that Match Group (Match.com) expects to pay its first ever dividend of $.20 per share next year (year 1). The dividend is expected to grow at rate if 20% per year for the next three years. After that dividends are expect to grow steadily at a lower rate of 9.5% thereafter. Suppose that the cost of equity is 11%. a.Find the value of the stock. Show your work, writing out the equation you are using. b. Suppose the stock is currently selling at $15. Do you recommend buying or selling the shares? Explain

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