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At the end of the year 2020 Brown Bear Corporation paid dividends $4.69 per share. The company projects the following annual growth rates in dividends:

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At the end of the year 2020 Brown Bear Corporation paid dividends $4.69 per share. The company projects the following annual growth rates in dividends: Year Growth Rate 2021 15% 2022 15% 2023 15% 2024 11% 2025 7% 2026 5% From year 2027 onward growth in dividends is expected to remain constant at 2% per year. The required rate of return for this stock is 10.57%. Calculate the economic value of the stock now (end of the Year 2020). Your

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