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27 CO Corp just paid a dividend (today) of $1.00 per share on its stock. The dividends are expected to grow at a constant 10%
27 CO Corp just paid a dividend (today) of $1.00 per share on its stock. The dividends are expected to grow at a constant 10% per year indefinitely. If investors require a 20% return on CO stock, what will the price be in 5 years? (5 years from today) Please put your answer on the blank line on the answer sheet. Please record your answer in dollars and cents (like I did for the dividend of $1.00)
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