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Smart Labs Technologies is expected to pay a dividend of $2.2 per share next year, $2.6 on year 2 , and $3.4 on year 3
Smart Labs Technologies is expected to pay a dividend of $2.2 per share next year, $2.6 on year 2 , and $3.4 on year 3 . After that, dividends will have a constant growth of 3% annually. The required rate of return for this stock is 9%. Given this information, what would be the share price for this firm? Round your answer to two decimals and enter your answer in the box below
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