Question: QUESTION 13 Copper Inc. is a young start-up company. No dividends will be paid on the stock over the next FIVE years because the firm

QUESTION 13 Copper Inc. is a young start-up company. No dividends

QUESTION 13 Copper Inc. is a young start-up company. No dividends will be paid on the stock over the next FIVE years because the firm needs to plow back its earnings to fuel growth. The company will pay a $10 per-share dividend in sixth year and will increase the dividend by 4 percent per year thereafter. If the required return on this stock is 12 percent, what is the current share price

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