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= Homework: Assignment 6 Question 4, P7-27 (similar to) > HW Score: 30%, 3 of 10 points O Points: 0 of 1 Save Peterson Packaging

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= Homework: Assignment 6 Question 4, P7-27 (similar to) > HW Score: 30%, 3 of 10 points O Points: 0 of 1 Save Peterson Packaging Inc. does not currently pay dividends. The company will start with a $1.00 dividend at the end of year three and grow it by 8% for each of the next six years. After six years of growth, it will fix its dividend at $1.72 forever. If you want a 14% return on this stock, what should you pay today given this future dividend stream? If you want a 14% return on this stock, what should you pay today given this future dividend stream? $(Round to the nearest cent.)

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