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Your research shows that Lanit Corp. will offer $2.2 per share in dividends over the next year and $2.2 per share in dividends the year
Your research shows that Lanit Corp. will offer $2.2 per share in dividends over the next year and $2.2 per share in dividends the year after that. Market analysis predicts that you will be able to sell the stock in two years for $39.87 per share. If your required rate of return is 11%, how much are you willing to pay for the stock today? Round to two decimal places (Ex. $0.00). (Hint: are dividends growing constantly?)
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