Star Light & Power increases its dividend 4.5 percent per year every year. This utility is valued

Question:

Star Light & Power increases its 4.5 percent per year every year. This utility is valued using a of 9 percent, and the stock currently sells for $83 per share. If you buy a share of stock today and hold on to it for at least three years, what do you expect the value of your check to be three years from today?

Discount Rate
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal... 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...