Wilson's Furniture is experiencing good growth so has decided to commence paying dividends starting next year. The first dividend will be $1.95 a share with annual increases of 4 percent in the dividend amount. The discount rate is 13 percent. What will the value of this stock be five years from now?(do not round up intermediate calculation; round up final answer to two decimal places)
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here