Business
Business, 18.05.2021 19:20, alondrabdiaz586

Captured Photographs​ doesn't currently pay any dividends but is expected to start doing so in 4 years. That​ is, Captured Photographs will go 3 more years without paying any dividends and then is expected to pay its first dividend​ (of ​$ per​ share) in the fourth year. Once the company starts paying​ dividends, it's expected to continue to do so. The company is expected to have a dividend payout ratio of ​% and to maintain a return on equity of ​%. Based on the​ DVM, and given a required rate of return of ​%, what is the maximum price you should be willing to pay for this stock​ today?

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