Cougar Software, a fast-growing clothier, just paid a dividend of $1.64. Analysts project annual dividend...
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Cougar Software, a fast-growing clothier, just paid a dividend of $1.64. Analysts project annual dividend growth to be 20% for the next 4 years, and then 5% thereafter. If investors required rate of return is 8%, what should the price of the stock be? Round to the nearest cent. Do not include the dollar sign in your answer. (i.e. If your answer were $1.23, then type 1.23 without a $ sign
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