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12 Non-constant Dividends The Board of Directors of Sigma, Inc. announced the following dividend schedule for the next 4 years: $6.90, $17.90, $22.90, and $4.70.
12 Non-constant Dividends The Board of Directors of Sigma, Inc. announced the following dividend schedule for the next 4 years: $6.90, $17.90, $22.90, and $4.70. After that, they have decided to maintain a constant dividend growth rate of 6% forever. The required return on the stock is 10% What is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.34.) Share price
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