Business, 13.07.2020 20:01 keshjdjsjs

New Gadgets, Inc., currently pays no dividend but is expected to pay its first annual dividend of $4.90 per share exactly 7 years from today. After that, the dividends are expected to grow at 3.5 percent forever. If the required return is 11.3 percent, what is the price of the stock today

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New Gadgets, Inc., currently pays no dividend but is expected to pay its first annual dividend of $4...

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