Indy Inc is a producer of cosmetics. The company is planning the following dividends over the next few years.$1, $5, $7, $8. After that the dividend will be $2 per share per year. What is the price of this stock if the marketrate is 12%?

6. Indy Inc is a producer of cosmetics. The company is planning the following dividends over the next few years. $1, $5, $7, $8. After that the dividend will be $2 per share per year. What is the price of this stock if the market rate is 12%? 7. Tack Industries is planning to increase their dividend 5% over the next three years, and then the dividend growth rate will only be 2% thereafter. Yesterday the company paid a dividend of $2 per share. If the required rate of return is 12.25% what is the value of each share? OC