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Show the function in excel LBD has never paid a dividend before - but that is changing because the new leopard print dress is generating
Show the function in excel LBD has never paid a dividend before - but that is changing because the new leopard print dress is generating way too much cash for LBD to reinvest in itself. Last year, LBD paid no dividend. Next year, LBD will also pay no dividend, then they will pay a $.25 dividend in year 2, a $.35 dividend in year 3, then dividends will increase by 5.5% annually forever. Today, if the required rate of return is 12%, you should expect to pay $_____
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