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SpaceTrek, 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
SpaceTrek, 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 will grow at a constant rate of 4.0% for the foreseeable future. Cash flows from dividends are discounted at 8.5%.
Rounded to dollars and cents, the current intrinsic price of SpaceTrek common stock is $ ____ per share
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