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Coffeemania, a coffee chain has stock shares traded on stock exchange: You would like to check if they are being traded at the right price.?

Coffeemania", a coffee chain has stock shares traded on stock exchange:


You would like to check if they are being traded at the right price.?

The company is planning to pay the following dividends for each share: $3 in 1 year, $5 in 2 years, $8 in 3 years.?

After that, the dividends are expected to grow at 5% per year, indefinitely.?

The annual rate of return for this company is 9%.?

How much should each of Coffeemania' stock shares sell for in today's market?

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