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7- Yokomo Industries announced a $1.3 per share dividend to be paid a year from now. Analysts expect dividends to increase by $2 a
7- Yokomo Industries announced a $1.3 per share dividend to be paid a year from now. Analysts expect dividends to increase by $2 a year for the next 2 years. After the third year (in which dividends are $5.3 per share) dividend growth is expected to settle down to a more moderate long-term growth rate of 4.0 %. If the firm's investors expect to earn a return of 19.5% on this stock, what must be its price? (10 points)
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