BAE
tools is a young strart up company.No dividends will be paid on the
stock over the next 5 years beceuse thr firm needs to plow back its
earning to fuel growth.the company will then pay a9 per share
dividend in year 6 and will increase the dividend by 3 percent per
year thereafter.If thec required return on this this stock is
10percent,(1)what is the current share price?(2)what is the
expected price in the third year?