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Buckstars Inc. is a rapidly growing exotic herb company. The firm expects to pay its first dividend of $3.60 per share 4 years from today
Buckstars Inc. is a rapidly growing exotic herb company. The firm expects to pay its first dividend of $3.60 per share 4 years from today and management then expects to grow the dividend at 29% for 3 years. As competition enters the market, dividend growth after that will drop to 5% forever. If the appropriate discount rate is 10%, what is the share price today? Solve in excel and round your final answer to 2 decimal places.
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