Question: A company will pay no dividends for the next three years, followed by a dividend of $ 1 . 5 0 in the fourth year.

A company will pay no dividends for the next three years, followed by a dividend of $1.50 in the fourth year. Dividends after that will grow at 7% annually. How much is the share worth if you require a return of 20%?
A company will pay no dividends for the next three years,

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