Solved: What is the value of the futurediv stock write in the value, Accounting Basics

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What is the value of the futurediv stock write in the value

FUTUREDIV INC doesn't pay divdends now, but will pay a dividend of $3.2, 8 years from now and will increase dividends by 2.6% per year thereafter. If investors require a return of 13.6% 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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Accounting Basics: What is the value of the futurediv stock write in the value

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