Question: AIRBNB does not currently pay a dividend. You expect the company to begin paying a $4 per share dividend in year 15, and you expect

AIRBNB does not currently pay a dividend. You expect the company to begin paying a $4 per share dividend in year 15, and you expect dividends to grow perpetually at 5.5% per year thereafter. If
the discount rate is 15%, how much is the stock currently worth?
 AIRBNB does not currently pay a dividend. You expect the company

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