7 of 9 (9 complete) HW Score: 80%, 80 of 100 Instructor-created question Question Help AVZ is a start-up company who is using all its cash to growth so it does not plan to pay dividends for the next 6 years. The company then plans to start paying annual cash dividends starting in year 7 of $4.00 for 16 years. Thereafter, the company will assume a constant growth dividend policy and the estimated growth rate in dividends forever after that point is 3%. The price of the stock is set to vield a return of 10%. What is the price of this stock today? (Do not use S sign. Use commas to separate thousands In this answer, please use TWO decimals in your response and round to the nearest cents. For example if your answer is 1,110 283 then enfer The price today is $ 1,110.28) If you need further practice or need to have access to the help tools for a problem very similar to this one do problems #10 and #27 in Ch 7 (can create a study guide including this problem These problems combine different cases of dividend pattems (variations of dividend pricing models). There are 4 cases (Variations) presented in this chapter. These cases are presented in page 11 of LN-7 and video V2 and same cases are presented with formulas to use in page 12 of LN-7 and video V3 Examples of each of these cases (separately) are presented in video 3 and pages 14-19 of LN-7. These topics are covered throughout Ch 7. Enter your answer in the answer box and then click Check Answer Clear All 5:48 PM A 4 ENG 2/27/2020 A parts showing Type here to search