"Starducks", a coffee chain (it's real! ), is a publicly traded company, and you need...
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Accounting
"Starducks", a coffee chain (it's real! ), is a publicly traded company, and you need to figure out the current value of its stock shares. Here is what you know about its expected future per-share dividends: $2 in 1 year, $5 in 2 years, $8 in 3 years, after which the dividends are expected to grow at the annual rate of 4%, indefinitely. The company's return on its investments is 9% per year. What is today's value of Starducks' stock share? Increase the decimal places for any intermediate calculations, and round your final answer to TWO decimal places, for example, 123.45 Do NOT use "$" in your answer.
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