Estimate the value of? ges shares today

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Question: In? mid-2018, some analysts recommended that General Electric? (GE) suspend its dividend payments to preserve cash needed for investment. Suppose you expected GE to stop paying dividends for two years before resuming an annual dividend of $1.20 per? share, paid 4 years from? now, growing by 3.1% per year. If? GE's equity cost of capital is 8.7%?, estimate the value of? GE's shares today. The price today is ?$ ?(Round to the nearest? cent.)

Reference no: EM132757091

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