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( ALL WORK MUST BE DONE EXCEL AND SHOW YOUR FORMULAS) Weirdo Co. just paid a dividend of $3.00 on its stock. The growth rate
( ALL WORK MUST BE DONE EXCEL AND SHOW YOUR FORMULAS)
Weirdo Co. just paid a dividend of $3.00 on its stock. The growth rate in dividends is expected to be a constant 5 percent per year indefinitely. Investors require a 16 percent return on the stock for the first three years, a 14 percent return for the next three years, and then an 11 percent return thereafter. What is the current share price for Weirdo stock? (Show your work on EXCEL)
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