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PriceWar Industries recently paid a dividend of D0 = $1.32. We expect the company’s dividend to...

PriceWar Industries recently paid a dividend of D0 = $1.32. We expect the company’s dividend to grow by 30% this year, by 20% in YR2, and at a constant rate of 5% in YR3 and thereafter. The required return on this low-risk stock is 9.00%. What is the price at YR4?


* DO NOT ROUND INTERMEDIATE VALUES, NO CREDIT WILL BE GIVEN
* FINAL ANSWER IN DOLLARS, ROUNDED TO TWO DECIMAL PLACES

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jeff jeffy answered 7 months ago
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