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Pirates Inc. just paid a $2.50 dividend. Their expected dividends are $3.00 in year 1, $1.75 in year 2, and $4.00 in year 3. After
Pirates Inc. just paid a $2.50 dividend. Their expected dividends are $3.00 in year 1, $1.75 in year 2, and $4.00 in year 3. After this, dividends are expected to grow at constant rate of 4% per year. If the required return for this stock is 10%, how much should the stock sell for today
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