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Solo Pavilions Inc. is expected to pay the following dividends over the next four years: $20, $16, $15, and $8.50. Afterward, the company pledges to
Solo Pavilions Inc. is expected to pay the following dividends over the next four years: $20, $16, $15, and $8.50. Afterward, the company pledges to maintain a constant 5 percent growth rate in dividends forever. If the required return on the stock is 15 percent, what is the current share price? Show all work and solve using a Financial Calculator listing all calculator inputs.
I know this has been answered already, but I need to know how to do it on a financial calculator, not using the formula methods.
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