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Splash Brothers Corporation paid a dividend of $1.30 per share today. Dividends are expected to grow at 10.00% per year for the next 3 years,
Splash Brothers Corporation paid a dividend of $1.30 per share today. Dividends are expected to grow at 10.00% per year for the next 3 years, then at 9.00% per year in the following 2 years. After the 5th year, the growth in dividends is expected to remain constant at 4.00%. As an investor, you require a 10.00% rate of return on this equity investment. What is the maximum price you would be willing to pay for a share of Splash
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