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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%

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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 $2.70 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.) PV (Terminal Horizon (years) (Dividends) Price) Value per Share PV 2.41 2 10 Reference links

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