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Please solve on paper and show the work, thank you!

4 We Have No Money, Were a Startup Next Wonder, Inc. is a startup that cannot afford to pay dividends, since it has to finan

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Answer #1

Page No. : Price of Stoch-Dein Expected Dividend at year end а ке -1 Sino 4.1) Cetculeting price of Shoch (10) - As dividend

Since, there is no dividend payment of first 5 years, Price at P0 will be calcualte by discounted it with required rate of return.

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