Symantec does not currently pay dividend

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Reference no: EM131176401

Symantec does not currently pay a dividend, however, in 4 years you expect they will pay their first dividend and it will be $2 per share. The dividend is expected to grow at a rate of 4% and investors’ required rate of return for Symantec stock is 8% per year. What should be the price of Symantec stock today?

Reference no: EM131176401

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