Question: b. Wong Packaging Incorporated does not currently pay dividends. The company will start with a $0.50 dividend at the end of year three and grow
b. Wong Packaging Incorporated does not currently pay dividends. The company will start with a $0.50 dividend at the end of year three and grow it by 10% for each of the next six years until it nearly reaches $1.00. After six years of growth, it will fix its dividend at $1.00 forever. If you want a 15% return on this stock, what should you pay today, given this future dividend stream?( please show all the calculation step by step and clearly and show which formula u use )
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