COMM_V 298 101 102 103 2025W1 2025W1 COMM 298 Midterm Exam October 17, 2025 Requires Respondus LockDown Browser

A stock will pay its first dividend at Year 5 (no dividends between today and Year 5).  The stock's expected return is 10%, and the dividend growth rate is expected to be 5% forever after the first di...