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Rework Table 7.4 for horizon years 1, 2, 3, and 10, assuming that investors expect the dividend and the stock price to increase at

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Rework Table 7.4 for horizon years 1, 2, 3, and 10, assuming that investors expect the dividend and the stock price to increase at only 6% a year and that each investor requires the same 12% expected return. The company will pay a dividend of $3.60 at the end of the first year What value would an investor place on the stock? Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Horizon (years) PV (Dividends) PV (Terminal Price) Value per Share 1 33760 2 3 10

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