Futurediv inc doesnt pay divdends now but will pay a, Financial Management

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Futurediv inc doesnt pay divdends now but will pay a

FUTUREDIV INC doesn't pay divdends now, but will pay a dividend of $4.1, 7 years from now and will increase dividends by 2.7% per year thereafter. If investors require a return of 10.1% on this stock, what is the value of the FUTUREDIV stock? Write in the value with two decimal points but no dollar sign or comma.

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Financial Management: Futurediv inc doesnt pay divdends now but will pay a

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