Question: Attempts: Keep the Highest: /1 6. Problem 9.14 Click here to read the eBook: Valuing Nonconstant Growth Stocks Problem Walk-Through NONCONSTANT GROWTH Computech Corporation is

 Attempts: Keep the Highest: /1 6. Problem 9.14 Click here to

Attempts: Keep the Highest: /1 6. Problem 9.14 Click here to read the eBook: Valuing Nonconstant Growth Stocks Problem Walk-Through NONCONSTANT GROWTH Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Computech to begin paying dividends, beginning with a dividend of $2.00 coming 3 years from today. The dividend should grow rapidly-at a rate of 28% per year-during Years 4 and 5; but after Year 5, growth pul nstant 10% per year. the required return on Computech 18%, what the of the stock today? Round your answer the nearest cent. Do not round your intermediate calculations. a

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