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Fido's Foods just paid their annual dividend of $1.20 per share. They are projecting dividends of $1.30, $1.45, and $1.70 over the next three years,
Fido's Foods just paid their annual dividend of $1.20 per share. They are projecting dividends of $1.30, $1.45, and $1.70 over the next three years, respectively. After that, the company expects to pay a constant dividend of $1.50 a share. What is the maximum amount you are willing to pay for one share of this stock if your required return is 12 percent?
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