Gofit training inc just paid an annual year-end dividend of, Financial Management

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Gofit training inc just paid an annual year-end dividend of

GoFit Training Inc just paid an annual year-end dividend of $1.60 per share. It plans to increase the dividend by 7% next year, and increase it by the same percentage for the future. If the required rate of return on the stock is 8%, what is the value of GoFit's stock (to the penny)? Formula: Next Div/ (Req Rate - Growth Rate)

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Financial Management: Gofit training inc just paid an annual year-end dividend of

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