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Question 11 5 pts The most recent dividend was $2.82. The expected dividend growth for years 1 to 4 is 2.4% per year, year 5
Question 11 5 pts The most recent dividend was $2.82. The expected dividend growth for years 1 to 4 is 2.4% per year, year 5 6.2%, and in year 6 -0.2%. After year 6, dividends are expected to grow at 2.57% forever. If the cost of equity is 6.4%, what is the current price at t=0 (in $ to 2 decimal places, 3.24 for $3.24)
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