Suppose analysts anticipate Baruch Corporation to pay 1 dollar per share next year (i.e. Year...

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Suppose analysts anticipate Baruch Corporation to pay 1 dollar per share next year (i.e. Year 1). Analysts also expect the dividend will grow by 5% until Year 5. From 6 years and onwards, the dividend will grow by 2.5% (e.g. dividend of Year 6 is Div5 x 1.025). According to the analysts, what is the present value of Baruch Corporation (present value at Year O)? Baruch Corporations shareholders require a return of 7% per annum

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