DMC3 Inc.will pay no dividend for 2016 or 2017.At the end of 2018, it will pay a dividend of $1.50.
Thereafter dividends will grow at 4% per year.The required rate of return is 10%.The intrinsic value of DMC3 shares is (assume you are at the beginning of 2016)

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The Answer of DMC3 Inc.will pay no dividend for 2016 or 2017.At the end of 2018, it will pay a dividend of $1.50.
Thereafter dividends will grow at 4% per year.The required rate of return is 10%.The intrinsic value of DMC3 shares is (assume you are at the beginning of 2016)

DMC3 IncWill Pay No Dividend for 2016 or 2017