Question: A stock does not currently pay dividends. The first dividend of $ 4 . 7 will be paid in year 4 . The second dividend

A stock does not currently pay dividends. The first dividend of $4.7 will be paid in year 4. The second dividend of $4.5 will be paid in year 7. According to your analysis, you think you should be able t sell the stock for $117 at that time. If the required return is 13.1%, what is the stock's value today?
Answer:
A stock does not currently pay dividends. The first dividend of

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