A company will not pay a dividend for the first 2 years. In 3 years they anticipate that dividend will be $5 and it will grow 20% for one year and then have constant growth of 5% forever. If the required rate of return for this stock is 13%, what is the value of the stock today?

Answer rating: 100% (QA)

To calculate the value of the stock today you can use the dividend discount ... View the full answer