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A stock is expected to pay a dividend of $2.49 per share next year, $3.01 two years from now, and $3.32 three years from now.
A stock is expected to pay a dividend of $2.49 per share next year, $3.01 two years from now, and $3.32 three years from now. After that, the dividend is expected to grow at a constant rate of 5% per year indefinitely. The required return on the stock is 9%. The estimated price per share is $ Rounding and Formatting: Do not enter a dollar sign in your response. Round your answer to 2 decimal places. Example: If your answer is $12.34567, you should enter 12.35 as your response
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