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The common stock of Immersive Van Gogh, Inc. (IVGI) is projected to pay these dividends at t=1 through t=6, respectively: $2.50, $2.60, $2.15, $2.30, $2.85,
The common stock of Immersive Van Gogh, Inc. (IVGI) is projected to pay these dividends at t=1 through t=6, respectively: $2.50, $2.60, $2.15, $2.30, $2.85, $2.00. The anticipated selling price at t = 6 {immediately after Div6 occurs} is $15.00. Use a required return of 4.50% to calculate a fair price per share for IVGI stock today. [All dividends and the time-6 selling price are, of course, per share.]
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