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.

What value would Dritter 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.)

Horizon (years)	PV (Dividends)	PV (Terminal Price)	Value per Share
1
2
3
10

de Skies Horizon (years) + = Value per Share $75 75 75 PV (dividends) $2.68 5.26 7.15 22.87 38.76 49.81 62.83 73.02 PV (terminal price) $72.32 69.74 67.25 52.13 36.24 25.19 12.17 1.98 de Skies Horizon (years) + = Value per Share $75 75 75 PV (dividends) $2.68 5.26 7.15 22.87 38.76 49.81 62.83 73.02 PV (terminal price) $72.32 69.74 67.25 52.13 36.24 25.19 12.17 1.98