Question: please provide accurate solution as soon as possible. Add 29 in registration number. subject is Financial management Yam-Hash Corporation is expanding rapidly, and it does
Yam-Hash Corporation is expanding rapidly, and it does not pay any dividends beca currently needs to retain all of its earnings. However, investors expect Simpkins to begin p dividends, with the first dividend of registration# coming 3 years from today. The div should grow rapidlyat a rate of 50% per year during Years 4 and 5. After Year : company should grow at a constant rate of 8% per year. If the required return on the ste 15%, what is the value of the stock today? 29 "Registration is 29
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