Business
Business, 24.12.2019 02:31, damonsmith201615

Daa's stock is selling for $15 per share. the firm's income, assets, and stock price have been growing at an annual 15 percent rate and are expected to continue to grow at this rate for 3 more years. no dividends have been declared as yet, but the firm intends to declare a dividend of d3 = $2.00 at the end of the last year of its supernormal growth. after that, dividends are expected to grow at the firm's normal growth rate of 6 percent. will you buy this stock? why?

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