Rework Table for horizon years and assuming that investors expect the dividend and the stock price to increase at only a year and that each investor requires the same expected return. The company will pay a dividend of $ at the end of the first year.
What value would an investor place on the stock?
Note: Do not round intermediate calculations. Round your answers to decimal places.
tabletableHorizonyearstablePVDividendstablePV TerminalPricetableValue perShare
