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The J Peterman Corporation has had a rough year, and has currently suspended dividend payments. Two years from now they anticipate paying dividends once again,
The J Peterman Corporation has had a rough year, and has currently suspended dividend payments. Two years from now they anticipate paying dividends once again, when $1.40 per share will be paid. The following year they will pay $1.90, and the year after that $2.50. Beyond that point, dividends should grow 4% a year for the foreseeable future. If you require a 9.75% return for investing in this stock, what is a share of the stock worth to you today?
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