TABLE 7.4 Value of Blue Skies + Horizon (years) 1 2 3 10 PV (dividends) $2.68 5.26 7.75 22.87 38.76 49.81 62.83 73.02 PV (terminal price) $72.32 69.74 67.25 52.13 36.24 25.19 12.17 1.98 Value per Share $75 75 75 75 75 75 75 75 20 30 50 100 Problem 7-8 Dividend Discount Model (LO2) 12.5 points Rework Table 7.4 for horizon years 1, 2, 3, and 10, assuming that investors expect the dividend and the stock price to increase at only 6% a year and that each investor requires the same 12% expected return. eBook What value would Dritter place on the stock and what about Zehnte who has a 10-year horizon? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Print References Horizon (years) 1 PV (Dividends) PV (Terminal Price) Value per Share 2 3 10