amandasantiago2001
20.03.2020 •
Business
C. Nat-T-Cat Industries just went public. As a growing firm, it is not expected to pay a dividend for the first five years. After that, investors expect Nat-T-Cat to pay an annual dividend $1.00 per share (i.e., D6 1.00), with no growth. If the required return is 10%, what is the current stock price?
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