Staton-Smith Software is a new start-up company and will not pay dividends for the first five years of operation. It will then institute an annual cash dividend policy of

$4.004.00

with a constant growth rate of

66%,

with the first dividend at the end of year six. The company will be in business for 25 years total. What is the stock's price if an investor wants

a.a return of

1111%?

Staton-Smith Software is a new start-up company and will not pay dividends for the first five years of operation. It will then institute an annual cash dividend policy of $4.00 with a constant growth rate of 6%, with the first dividend at the end of year six. The company will be in business for 25 years total. What is the stock's price if an investor wants a. a return of 11%? b. a return of 15%? c. a return of 25%? d. a return of 35%? a. What is the stock's price if an investor wants a return of 11%? $ (Round to the nearest cent.)