Question: Price: ___________ Carter Communications does not currently pay a dividend. You expect the company to begin paying a dividend of $3.00 per share in 14

Price: ___________ Carter Communications does not currently pay a dividend. You

expect the company to begin paying a dividend of $3.00 per share

Price: ___________

Carter Communications does not currently pay a dividend. You expect the company to begin paying a dividend of $3.00 per share in 14 years, and you expect dividends to grow perpetually at 4 percent per year thereafter. If the discount rate is 12 percent, how much is the stock currently worth

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