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If 1) the expected return for Litchfield Design stock is 11.77 percent; 2) the dividend is expected to be 2.39 dollars in 2 year(s), 5.74
If 1) the expected return for Litchfield Design stock is 11.77 percent; 2) the dividend is expected to be 2.39 dollars in 2 year(s), 5.74 dollars in 4 years, and 8.41 dollars in 8 years; and 3) after the dividend is paid in 8 years, the dividend is expected to grow by 3.8 percent per year forever, then what is the current price of the stock? If no expected dividend is mentioned for a given year, assume the expected dividend is $0 for that year. Number
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