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Question Your company just paid a $1.50 per share annual dividend. The company is planning on paying $2.00, $5.00, $7.50, and $10.00 a share over the next four years, respectively. After that the dividend will be a constant $3 per share per year. What is the market price of this stock if the market rate of return is 15%?

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Question

Your company just paid a $1.50 per share annual dividend. The company is planning

on paying $2.00, $5.00, $7.50, and $10.00 a share over the next four years, respectively. After that the dividend will be a constant $3 per share per year. What is the market price of this stock if the market rate of return is 15%? 

 
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