A company just paid a dividend of $1.30 per share. The consensus forecast of financial analysts is

Question:

A company just paid a of $1.30 per share. The consensus forecast of financial analysts is a of $1.80 per share next year and $2.20 per share two years from now. Thereafter, you expect the to grow 5% per year indefinitely into the future. If the required rate of return is 9% per year, what would be a fair price for this stock today?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...