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since it has been in business, foolsgold jewelry has never paid a dividend. the company will not pay a dividend at the end of this

since it has been in business, foolsgold jewelry has never paid a dividend. the company will not pay a dividend at the end of this year. however, two years from today - at the end of year 2 - foolsgold expects to pay a dividend equal to $0.50 per share, which it plans to increase by 6 percent each year thereafter for the remainder of the company's life. if investors require a 14 percent rate of return to purchase its common stock, what should be the market value of foolsgold's stock today?

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