Question: A new tech stock is expected to pay a dividend of $1.00 per share next year (D1). Dividends will grow rapidly at 20% per year

A new tech stock is expected to pay a dividend of $1.00 per share next year (D1). Dividends will grow rapidly at 20% per year through Year 9 (D9 will be $4.30 per share). After that, dividends will now! modest pace of $0.20 per year, forever (D10 is $4.50, etc.). If investors require a return of 15.60 percent, what should the price of this stock be today? Answer in "XX.XX" format, with no additional punctuation. For example, if your answer is 54545, enter "45.45" A new tech stock is expected to pay a dividend of $1.00 per share next year (D1). Dividends will grow rapidly at 20% per year through Year 9 (D9 will be $4.30 per share). After that, dividends will now! modest pace of $0.20 per year, forever (D10 is $4.50, etc.). If investors require a return of 15.60 percent, what should the price of this stock be today? Answer in "XX.XX" format, with no additional punctuation. For example, if your answer is 54545, enter "45.45

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