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Devon Oil Services suffered a large loss and suspended its dividend. Suppose you do not expect Devon to resume paying dividends until December 1, 2017

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Devon Oil Services suffered a large loss and suspended its dividend. Suppose you do not expect Devon to resume paying dividends until December 1, 2017 You expect Devon's annual dividend in 2017 to be 5035, and you expect the annual dividend to grow by 51% per your thereafter If Devon's equity cost of capitalis 114%, what is your expected value of a share of Devon for December 1, 2014? The expected value of a share of Devon on December 1, 2014 is 5 (Round to the nearest cond)

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