Universal Laser, Inc., just paid a dividend of $3.35 on its stock. The growth rate in...

Universal Laser, Inc., just paid a dividend of $3.35 on its stock. The growth rate in dividends is expected to be a constant 4 percent per year indefinitely. Investors require a return of 16 percent on the stock for the first three years, a return of 14 percent for the next three years, and then a return of 12 percent thereafter. What is the current share price for the stock?

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jeff jeffy answered 1 year ago

universal laser inc just paid a dividend of $3.35 on its stock, growth rate is expected...

universal laser inc just paid a dividend of $3.35 on its stock, growth rate is expected to be constant 4% indefinitely. Investors require a return of 16% for first 3 yrs , 14%for next 3 yrs and 12% thereafter.What is the current share price of the stock.

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Talcville Farms just paid a dividend of $3.36 on its stock. The growth rate in dividends is expected to be a constant 5.8% per year indefinitely. Investors require a 15.8% return on the stock for the first three years, a 13.8% return for the next three years, and an 11.8% return thereafter. What is the current share price? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)

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