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Blossom Corporation will pay dividends of $2.20,$2.90, and $3.40 in the next three years. After three years, the dividends are expected to grow at a
Blossom Corporation will pay dividends of $2.20,$2.90, and $3.40 in the next three years. After three years, the dividends are expected to grow at a constant rate of 5 percent per year. If the required rate of return is 15.0 percent, what is the current value of the Blossom common stock? (Round intermediate calculations and final answer to 2 decimal places, e.g. 52.75.) Blossom Corporation will pay dividends of $2.20,$2.90, and $3.40 in the next three years. After three years, the dividends are expected to grow at a constant rate of 5 percent per year. If the required rate of return is 15.0 percent, what is the current value of the Blossom common stock? (Round intermediate calculations and final answer to 2 decimal places, e.g. 52.75.)
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