Question: its not 20 for stock value Connect Only Problem 8-11 Dividend Initiation and Stock Value (LG8-6) A firm does not pay a dividend, It is

its not 20 for stock value

Connect Only Problem 8-11 Dividend Initiation and Stock Value (LG8-6) A firm does not pay a dividend, It is expected to pay-its first dividend of $0,30 per share in two years. This dividend will grow at 14 percent indefinitely. Use a 15.5 percent discount rate. Compute the value of this stock. Note: Round your answer to 2 decimal places

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