Stockholders require a return of 9 percent to invest in


If Sailsboro just paid a dividend of $2 per share & dividends are expected to grow at 8%, 6%, and 5% for the next three years respectively. After that the dividends are expected to grow at a constant rate of 3% indefinitely. Stockholders require a return of 9 percent to invest in Sailsboro's common stock. How would I compute the value of Sailsboro's common stock today.

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Basic Computer Science: Stockholders require a return of 9 percent to invest in
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