2T. Gongle will not pa},r nut a dividend for Ma years {i=1 and t=2). Fer the next twn years, they;r will pay out a dividend of $E.flfl per share (t=3 and 11:4). The dividend will grow at a rate nf 5% per veer ever},r year after this. If the required rate nf return nf Gnngle’s stock is 22%, Gnngle’s steak price is $ at. 21.19 b. 22.?4 C. 24.15
2T. Gongle will not pa},r nut a dividend for Ma years {i=1 and t=2). Fer the next twn years, they;r will pay out a dividend of $E.flfl per share (t=3 and 11:4). The dividend will grow at a rate nf 5%
per veer ever},r year after this. If the required rate nf return nf Gnngle’s stock is 22%, Gnngle’s steak price is $
at. 21.19
b. 22.?4
C. 24.15