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G-2 Inc. expects the following dividend pattern over the next seven years: Year 1 Year 3 Year 4 Year 2 $1.25 $1.20 Year 5 $1.40
G-2 Inc. expects the following dividend pattern over the next seven years: Year 1 Year 3 Year 4 Year 2 $1.25 $1.20 Year 5 $1.40 $1.30 Year 6 $1.46 Year 7 $1.52 $1.35 The company will then have a constant dividend of $1.58 forever. What is the price of this stock today (year 0) if an investor wants to earn 14% rate of return? The stock price is $ (Round to two decimal places.)
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