Example 6: the futile company has just paid its most recent dividend of $4.50 and the market requires a 15% rate of return. The company is expected to grow at a constant rate of 8% for the next 8 years. After the initial 8 years, dividends are expected to grow at a normal rate of 3% forever. What will the company shares sell for in the market today?

Example e: the futile company has just paid its most recent dividend of 54.50 and the market requires a \15 rate of relum. The company is expected to grow at a constant rate of \8 for the next 8 years. After the initial 8 years, dividends are expected to grow at a normal rate of \3 forever. What will the company shares sell for in the market today