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8. The J Peterman Corporation has had a rough year, and has currently suspended dividend payments. Two years from now they anticipate paying dividends once
8. The J Peterman Corporation has had a rough year, and has currently suspended dividend payments. Two years from now they anticipate paying dividends once again, when $4.20 per share will be paid. The following year they will pay $5.50, and the year after that $7.20. Beyond that point, dividends should grow 4% a year for the foreseeable future. If you require an 8.9% return for investing in this stock, what is a share of the stock worth to you today
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