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Here is the answere my teacher gave- I dont understand how he got the stock price, present value 3, and yr 4 dividends 7. The

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Here is the answere my teacher gave- I dont understand how he got the stock price, present value 3, and yr 4 dividendsimage text in transcribed

7. The following table is a company's forecasted dividends. The cost of equity is 14.37% and terminal growth rate is 3.3%. What is the fair value for the stock? Question 7 Terminal Growth Discount Rate 3.30% Year 1$2.502$5.00 Terminal Value Present Value Stock Price $2.19 3 $6.50 $60.65 $44.89 $50.90

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