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Suppose RenTech common stock is expected to pay dividends per share as follows:: Year 1 $3.38 Year 2 $6.94 After 2 years the firm's dividends
Suppose RenTech common stock is expected to pay dividends per share as follows:: Year 1 $3.38 Year 2 $6.94 After 2 years the firm's dividends are expected to growth at a rate of 2.25% indefinitely. What is the estimated price per share of the stock based solely on its dividend assuming a required return of 11.27%
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I know the answer is 72.18
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