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HYPERDIV INC is expected to pay the following large dividends in the next 3 years: Year Dividend 1 $1 2 $2 3 $4 After 3
HYPERDIV INC is expected to pay the following large dividends in the next 3 years: Year Dividend 1 $1 2 $2 3 $4 After 3 eyars, the dividens will grow at 3.2% per year forever. If investors require a return of 13.7% on this stock, what is the value of the HYPERDIV stock? Write in the value with two decimal points but no dollar sign or comma.
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