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Please show the work using excel Nonconstant Dividend Growth Valuation A company currently pays a dividend of $3.2 per share (D0 = $3.2). It is
Please show the work using excel
Nonconstant Dividend Growth Valuation
A company currently pays a dividend of $3.2 per share (D0 = $3.2). It is estimated that the company's dividend will grow at a rate of 22% per year for the next 2 years, and then at a constant rate of 8% thereafter. The company's stock has a beta of 1.5, the risk-free rate is 8.5%, and the market risk premium is 3.5%. What is your estimate of the stock's current price? Do not round intermediate calculations. Round your answer
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