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Question 4 - Non-constant growth valuation [4 points]: Minimight Company has never paid a dividend,...

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Question 4 - Non-constant growth valuation [4 points]: Minimight Company has never paid a dividend, and there are no plans to pay dividends during the next three years. But, in four years - that is, at the end of Year 4 - the company expects to start paying a dividend equal to $3 per share. This same dividend will be paid for the remainder of Minimight's existence. If investors require a 10 percent rate of return to purchase the company's common stock, what should be the market value of Minimight's stock today

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