Question
The QuickFixCompany just paid a dividend of $1.25 and analysts expect the dividend to grow at its compound average growth rate of 10.72% forever. If
The QuickFixCompany just paid a dividend of $1.25 and analysts expect the dividend to grow at its compound average growth rate of 10.72% forever. If you plan on holding the stock for just 7 years, and you have an expected rate of return of 14%, how much would you pay for the stock? Assume that the next owner also expects to earn 14% on his or her investment. Show your work in the form of the calculator functions you use and the numbers you input into the calculator, and provide a brief explanation of what you have done/steps you have taken and why. PLEASE SHOW ME HOW YOU INPUT THIS INTO YOUR FINANCIAL CALCULATOR
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