Infosys Technologies just paid a dividend of​ $3.00 per​ share, and that dividend is expected to grow at a rate of​ 14% for at least the next few years. If we assume that this growth rate will...

Infosys Technologies just paid a dividend of​ $3.00 per​ share, and that dividend is expected to grow at a rate of​ 14% for at least the next few years. If we assume that this growth rate will continue forever​ (in perpetuity), then the Discounted Dividend Model​ (DDM) tells us that the value of this stock is negative at a discount rate of​ 9%.