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A change in competition in Karma Sisters' market is going to have an impact on the growth in the firm's dividends. A current dividend of
A change in competition in Karma Sisters' market is going to have an impact on the growth in the firm's dividends. A current dividend of $ was paid yesterday by Karma Sisters', and this dividend is expected to increase by in the first year. Dividends are expected to increase by in the second year. After that point, the growth in dividends is expected to return to the firm's longrun constant growth of Assume investors in Karma Sisters' stockholders require a rate of return of Calculate the current price of Karma Sisters stock. Enter your answer to the nearest Do not use $ or signs in your answer.
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