Please use excel, thanks 1. You are covering Park National Bank, Inc. stock, and...
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Please use excel, thanks
1. You are covering Park National Bank, Inc. stock, and have prepared the following estimates of the company's dividends over the next five years: Year 1: $1.50 Year 2: $1.65 Year 3: $1.75 Year 4: $1.83 Year 5: $1.90 After year 5, you expect dividends to grow at a constant rate of 4.0%. The required rate of return on equity is 9.5%. What is the value of the stock based on your estimates
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