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Sholve Corp. currently offers annual dividends of $2.64, is expected to offer $2.92 per share in dividends over the next year, and $2.57 per share
Sholve Corp. currently offers annual dividends of $2.64, is expected to offer $2.92 per share in dividends over the next year, and $2.57 per share in dividends the year after that. At the end of the second year, the stock is expected to sell for $1533 per share. If your required rate of return is 15%, how much are you willing to pay for the stock today? Round to two decimal places (Ex. 50.00) (Hint: are dividends growing constantly?) 16.07
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