Zizizi Inc has never paid dividends. They plan to pay their first dividend of $0.15 per...

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Zizizi Inc has never paid dividends. They plan to pay their first dividend of $0.15 per share in exactly a year. If investors expect the dividend to perpetually grow by 14.9% per year, and require a 20% return on investment, what price are investors willing to pay for a Zizizi share? Enter your answer in dollars to 2 decimal places. Zizizi Inc has never paid dividends. They plan to pay their first dividend of $0.15 per share in exactly a year. If investors expect the dividend to perpetually grow by 14.9% per year, and require a 20% return on investment, what price are investors willing to pay for a Zizizi share? Enter your answer in dollars to 2 decimal places.

Answer rating: 100% (QA)

The price P of a share of Zizizi Inc may be estimated using the dividend discount mo... View the full answer