Determine the price of a share of stock whose last annual dividend payment (D0) was $2.50, assuming a required rate of return of 14% and considering the following: a) The dividend payment is expected to remain constant (i.e., g = 0) indefinitely. (5%) b) The dividend payment is expected to grow at a constant rate of 3% per year indefinitely (5%)

c) Based on what you did in b), set a spin button on dividend with the range from $1 to $10 and $0.5 incremental change (hint: you will need to work on side and hide it s)

Last Dividend
Required rate of Return
a.
Dividend
Stock Price
b.
Growth Rate
Dividend
Stock Price
c.		Spin Button
Growth Rate
Dividend
Stock Price