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Your assistant has estimated (forecast) the dividends expected for the common stock of RS Life Sciences, Inc. over the next three years to be $.83,
Your assistant has estimated (forecast) the dividends expected for the common stock of RS Life Sciences, Inc. over the next three years to be $.83, $1.46, and $3.26, respectively. Thereafter, dividend payments are estimated to grow at 2.55% per year.
You are considering the purchase of R&L stock. If you require a 8.25% rate of return, what is the value per share of RS Life Sciences, Inc. common stock?
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