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Winnimar Inc. just paid a dividend of $6.09 on its common stock at the end of last year. You expect dividends per share next year
Winnimar Inc. just paid a dividend of $6.09 on its common stock at the end of last year. You expect dividends per share next year will be $6.52 and $6.63 the year after that. You believe you can sell the stock in two years for $92.93. If your required rate of return on this stock is 12%, how much are you willing to pay for the stock today? Round to two decimal places (Ex. $0.00).
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