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  3. xyz inc. expect to pay $10 dividends next year, no

XYZ Inc. expect to pay $10 dividends next year, no dividends two years from now,...

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Finance

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XYZ Inc. expect to pay $10 dividends next year, no dividends two years from now, and $30 dividends three years from now. After that, it will pay dividends each year and dividends will grow at a rate of 10% per year (e.g., in year 4, the dividends will be $33). What should be today's stock price if the expected stock return is 15%

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