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Suppose a company’s expected dividends are $1.80, $2.79, and $3.14 for the next three years and...

Suppose a company’s expected dividends are $1.80, $2.79, and $3.14 for the next three years and are expected to grow at a constant rate of 1.82% per year thereafter. What should the current value of the stock if the required rate of return is 5.66%? Round your answer to 2 decimal places. (For example 6.798 = 6.80)

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jeff jeffy answered 1 year ago
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