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Shareholders of Company FIN3610-ETRA require a return of 14% The company is paying dividends as follows: Dividends in the next year (D1) - $12: Dividends
Shareholders of Company FIN3610-ETRA require a return of 14% The company is paying dividends as follows: Dividends in the next year (D1) - $12: Dividends in two years (D2) = $9. Dividends in three years (D3) - $8, Dividends in four years (04) - $3.50: After that, the dividends of Company FIN3610 ETRA will increase at a rate of 7% per year, forever. Please calculate the company's current stock price. (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current share price
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