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I need to learn how to get those results but without using excel please be clear in your explanation. NO EXCEL PLEASE T Rework Table

I need to learn how to get those results but without using excel please be clear in your explanation. NO EXCEL PLEASE Timage text in transcribed

Rework Table 7.4 for horizon years 1,2,3, and 10 , assuming that investors expect the dividend and the stock price to increase at 6% a year and that each investor requires the same 12% expected return. The company will pay a dividend of $3 at the end of the year. What value would an investor place on the stock? Do not round intermediate calculations. Round your answers to 2 decimal places

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