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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

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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. Current dividends are $3.90. What value would Dr'itter place on the stock and what about Zehnte who has a 10-year horizon? [Do not round intermediate calculations. Round your answers to 2 decimal places.)

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