Waller Co. paid a $0.286 dividend per share in 2006, which grew to $0.55 in 2012. This

Question:

Waller Co. paid a $0.286 per share in 2006, which grew to $0.55 in 2012. This growth is expected to continue. What is the value of this stock at the beginning of 2013 when the required return is 13.7 percent?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...