Latcher's is a relatively new firm that is still in a period of rapid development. The company plans on retaining all of its earnings for the next six years. Seven years from now, the company projects paying an annual dividend of $.25 a share and then increasing that amount by 3 percent annually thereafter. To value this stock as of today, you would most likely determine the value of the stock years from today before determining today's value.

6 years

Explanation:

The Dividend Discount model allows us to calculate the value of a stock today given the dividend that it will pay next year as well as a constant rate of growth and a cost of capital.

As of the 7th year, the company will start paying dividends at a constant growth rate so using the Dividend discount model, the value of the stock can be calculated 6 years from the present.

That value can then be discounted to find out the present value.

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lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o