Lazy Days Fishing Supplies is predicting dividends of $4.00 and $5.00 in the next two years. After that, Lazy Days is predicting that growth will level off at 3% indefinitely. The rate expected in the marketplace for investments similar to Lazy Days is 5%.
What is the current value of share of Lazy Days Fishing Supplies? ____________________
What will be the value of a share of LDFS in year 3? ______