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Use the information to solve the current share price. Scheduled dividends: $5.20, $16.20, $21.20, and $3.00. After that, they will pay a constant dividend growth
Use the information to solve the current share price. Scheduled dividends: $5.20, $16.20, $21.20, and $3.00. After that, they will pay a constant dividend growth rate of: 5.5%. The required return on the stock: 9% What is the current price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.34.) Share price
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