以下哪个陈述是错误的？Single choice

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Which of the following statements is a FALSE statement?

Which of the following statements is a FALSE statement?

Rennick Technologies was founded 10 years ago. It has been profitable for the last 5 years, but it has needed all of its earnings to support growth and thus has never paid a dividend. Management plans to pay a $0.30 dividend 3 years from today, then to increase it at a relatively rapid rate for 2 years, and then to increase it at a constant rate of 7.00% thereafter. The forecasted dividends are: Year 3 = $0.300, Year 4 = $0.510 (70.00% growth), Year 5 = $0.714 (40.00% growth), and Year 6 = $0.764 (7.00% growth). Assuming a required return of 10.00%, what is your estimate of the stock’s current value? Use the dividend values provided for your calculations. Do not round your intermediate calculations.

A stock is expected to pay a dividend of $1.15 at the end of the year. The required rate of return is r = 10.5%, and the expected constant growth rate is g = 7.9%. What is the stock’s current price?

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