Chill Pill Pharmaceuticals is expecting a growth rate of 14 for the next two years due to its new drug Thereafter it should level to an 8 growth rate The last dividend paid was $0 65 per share What price should the stock sell for if investors require 12 return

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Chill Pill Pharmaceuticals is expecting a growth rate of 14% for the next two years due to its new drug. Thereafter it should level to

Chill Pill Pharmaceuticals is expecting a growth rate of 14% for the next two years due to its new drug. Thereafter it should level to an 8% growth rate.

The last dividend paid was $0.65 per share. What price should the stock sell for if investors require 12% return?

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