The Mintcoin Inc has just paid an annual dividend of 40 cents per share. You forecast that dividends of Mintcoin Inc will grow at the rate of 25% a year over the next four-year period. From year five on, you expect the subsequent growth rate of dividends to decrease to 8%, the industry average

If the required rate of return for the stock is 12%, calculate its price.

Answer rating: 100% (QA)

To calculate the price of the stock using the Dividend Discount Model DDM well first find the d... View the full answer