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General Importers announced that it will pay a dividend of $3.35 per share one year...

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Finance

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General Importers announced that it will pay a dividend of $3.35 per share one year from today After that, the company expects a slowdown in its business and will not pay a dividend for the next 6 years Then, 8 years from today, the company will begin paying an annual dividend of $145 forever The required return is 10 8 percent What is the price of the stock today? $8 93 $13 43 $3.02 $9.57 $10.28

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