Boehm incorporated is expected to pay a 380 per share, Financial Management

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Boehm incorporated is expected to pay a 380 per share

Boehm Incorporated is expected to pay a $3.80 per share dividend at the end of this year (i.e., D1 = $3.80). The dividend is expected to grow at a constant rate of 9% a year. The required rate of return on the stock, rs, is 19%. What is the estimated value per share of Boehm's stock? Round your answer to the nearest cent.

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Financial Management: Boehm incorporated is expected to pay a 380 per share

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