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You've collected the following information from your favorite financial website: According to analysts, the growth rate in dividends for YBM for the next five years

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You've collected the following information from your favorite financial website: According to analysts, the growth rate in dividends for YBM for the next five years is expected to DD20 5 percent Suppose YBM meets this growth rate in dividends for the next five years and then the dividend growth rate falls to 5.5 percent, indefinitely. Assut is inyestors reguire a return of 13 percent on YBM stock. According to the dividend growth model, what should the stock price be toc ayy? Note: Do not round intermediate colculotions ond round your answer to 2 decimol places, e.9. 3216 . You've collected the following information from your favorite financial website: According to analysts, the growth rate in dividends for YBM for the next five years is expected to DD20 5 percent Suppose YBM meets this growth rate in dividends for the next five years and then the dividend growth rate falls to 5.5 percent, indefinitely. Assut is inyestors reguire a return of 13 percent on YBM stock. According to the dividend growth model, what should the stock price be toc ayy? Note: Do not round intermediate colculotions ond round your answer to 2 decimol places, e.9. 3216

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