Earnings and dividends per share

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Reference no: EM131844677

Earnings and dividends per share at G3-Biz Inc. are expected to grow at a rate of 18 percent over the next two years, then at 15 percent in the third year, and then at 6 percent thereafter. G3- Biz just paid a dividend of $1.15. If the required rate of return on the stock is 12 percent, what is the price of a share of G3-Biz stock today? Round off to two decimal points. (i.e. "x.xx")

Reference no: EM131844677

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