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8. The) Peterman Corporation has had a rough year, and has currently suspended dividend payments. Two years from now they anticipate paying dividends once again,
8. The) Peterman Corporation has had a rough year, and has currently suspended dividend payments. Two years from now they anticipate paying dividends once again, when $0.80 per share will be paid. The following year they will pay $1.10, and the year after that $1.50. Beyond that point, dividends should grow 4% a year for the foreseeable future. If you require an 13.5% return for investing in this stock, what is a share of the stock worth to you today
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