Question: DMCP Inc. will pay no dividend for the next two years. At the end of three years from now it will pay a dividend of

DMCP Inc. will pay no dividend for the next two years.

DMCP Inc. will pay no dividend for the next two years. At the end of three years from now it will pay a dividend of $150. Thereafter dividends will grow at 4% per year. The required rate of return is 10%. The intrinsic value of DMC shares is O A $24.91 O B. $26 00 O C. $20.66 OD. $34.61

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