Hank's Barbecue just paid a dividend of $1.60 per share. The dividends are expected to...
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Hank's Barbecue just paid a dividend of $1.60 per share. The dividends are expected to grow at a 10.0 percent rate for the next five years and then level off to a 50 percent growth rate indefinitely. If the required return is 80 percent, what is the value of the stock today? What if the required return is 130 percent? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Poats POasis)
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