赞题库-背景图
单项选择题

The Robert Phillips Co. currently pays no dividend. The company is anticipating dividends of 0, .10, .30 over the next 6 years, respectively. After that, the company anticipates increasing the dividend by 4% annually. The first step in computing the value of this stock today, is to compute the value of the stock when it reaches constant growth in year: ( )。 A. 3 B. 4 C. 5 D. 6