Question: question: khoa led is a new high-tech start-up. it does not expect to pay dividends until 10 years from today. At that point the company

question: khoa led is a new high-tech start-up. it does not expect to pay dividends until 10 years from today. At that point the company forecasts earnings per share of $3 and plans to pay out 25% of earnings as dividends. Once the first dividend is paid, khoa ltd forecasts perpetual growth in dividends of 4.5% per year.

If khoa ltd shareholders require a return of 12% per year, what is the value of khoa ltd shared today(the value share is the present value of all future dividends)

could you please show me the solution of this question? thank you.

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