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Examine the following information and solve future dividends, future price, and price now. Company A just paid a dividend of $2.85. Growth rates for dividends
Examine the following information and solve future dividends, future price, and price now. Company A just paid a dividend of $2.85. Growth rates for dividends are: 32% for the next 3 years, then changing to a constant 6.2% forever.
The required return is 14%.
What is the price of their stock in three years?
(Do not round intermediate calculations and round the answer to 2 decimal places, e.g., 12.34.)
**this was a three part question and I already solved the other two. Cannot figure this one out.
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