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Please solve current share price. thanks Find the stock price today. You expect these dividends the next 4 years: $6.00 (D1), $17.00 (D2), $22.00(D3), and

Please solve current share price. thanks
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Find the stock price today. You expect these dividends the next 4 years: $6.00 (D1), $17.00 (D2), $22.00(D3), and $3.80 (D4). After that, constant growth =5.00%. Required: Required return=9\%. What's the current stock price? Hint: use the non-constant growth example in our spreadsheet to guide you. The price of the stock today is the present value of the first four dividends, plus the present value of the Year 4 stock price. The year 4 stock price =D5/(Rg). Use D4 and the constant growth rate to get D5. (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

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