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4. Stock Valuation: Book Match just paid ai amuual dividend of $1,50 per share. The company will increase its dividend by 7 per- cent next
4. Stock Valuation: Book Match just paid ai amuual dividend of $1,50 per share. The company will increase its dividend by 7 per- cent next year and will then reduce its dividend growth rate by 2 percentage points per year until it reaches the industry average of 3 percent dividend growth, after which the company will keep a con- stant growth rate forever. What is the price of this stock today given a required returu o 14 percerit
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