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You are considering an investment in the stock of Matt, Co. Last year, the company paid a dividend of $3.3. You believe dividends with grow
You are considering an investment in the stock of Matt, Co. Last year, the company paid a dividend of $3.3. You believe dividends with grow at 6.8% for the next four years, and after that they will grow at 1.0% forever. What is the value of Matt, Co. stock today if the appropriate discount rate is 8.3%? Enter your answer in dollars without the $ sign (i.e., if your answer is $10.42 type 10.42).
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