Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence,...
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Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Computech to begin paying dividends, beginning with a dividend of $ coming years from today. The dividend should grow rapidlyat a rate of per yearduring Years and but after Year growth should be a constant per year. If the required return on Computech is what is the value of the stock today? Do not round intermediate calculations. Round your answer to the nearest cent.
Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Computech to begin paying dividends, beginning with a dividend of $ coming years from today. The dividend should grow rapidlyat a rate of per yearduring Years and but after Year growth should be a constant per year. If the required return on Computech is what is the value of the stock today? Do not round intermediate calculations. Round your answer to the nearest cent.
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