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Space Trek, Inc. will pay a dividend of $1.10 in one year, then $0.75 a year later, then $1.25 in year three, and $1.50 in
Space Trek, Inc. will pay a dividend of $1.10 in one year, then $0.75 a year later, then $1.25 in year three, and $1.50 in year four, after which the dividend at a constant foreseeable future. Cash flows from dividends are discount at 8.5%.
Rounded to dollars and cents, the current intrinsic price of Space Trek common stock is $_____ per share.
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