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Business, 10.08.2021 03:40 aesthetickait

XYZ Inc. is expected to pay no dividends for the next 5 years. However, at the end of the sixth year (at time 6), the company is expected to pay a dividend of $1/share. Dividends are expected to grow at 10% per year for the following 9 years (through the end of the 15th year, i. e., time 15), then to grow at 5% every year thereafter (forever). Assume the appropriate discount rate (required return) is 10%. What is the expected value of the stock at time 15

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XYZ Inc. is expected to pay no dividends for the next 5 years. However, at the end of the sixth year...
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