Business, 16.12.2020 17:00, supremetylor29

Biogenetics, Inc. plans to retain and reinvest all of their earnings for the next 30 years. Beginning in year 31, the firm will begin to pay a $30 per share dividend. The dividend will not subsequently change. Given a required return of 18%, what should the stock sell for today?

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Biogenetics, Inc. plans to retain and reinvest all of their earnings for the next 30 years. Beginnin...