The Mintcoin Inc has just paid an annual dividend of 40 cents per share. You...
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Finance
The Mintcoin Inc has just paid an annual dividend of 40 cents per share. You forecast that dividends of Mintcoin Inc will grow at the rate of 25% a year over the next four-year period. From year five on, you expect the subsequent growth rate of dividends to decrease to 8%, the industry average
Construct the time line, showing dividends of the company.
If the required rate of return for the stock is 12%, calculate its price.
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