A stock currently pays a dividend of $0.10. This dividend is projected to grow at 40%
for the next five years, after which it is expected to grow at 5% indefinitely. If you
require a 20% return on this investment, what is the maximum price you should pay
for this stock?

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The Answer of A stock currently pays a dividend of $0.10. This dividend is projected to grow at 40%
for the next five years, after which it is expected to grow at 5% indefinitely. If you
require a 20% return on this investment, what is the maximum price you should pay
for this stock?

A Stock Currently Pays a Dividend of $0