6.

Using the table below, what is the maximum that an investor shouldbe willing to pay for the share of common stock today?

Table below to be used with problem #6:

Variable	Value	Explanation
Dividendgrowth estimate	3%, 7%	3% for next 2 years (annual estimate) and 7% per year indefinitely thereafter.
Current dividend	$1.00	Paid to shareholders on record as of 6/28/22
Beta coefficient	2.0	Current estimate
Expected market risk premium	12.0%	Expected (annual) return on the S&P 500 Index
RFR	3.0%	Expected 30-year Treasury bond yield