What is the current price of stagegros stock

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Reference no: EM131993704

Stagegro Corporation is expected to pay a dividend of $3.00 per share next year. The dividend is expected to grow at an annual rate of 10% for four years after that. In Years 6-10, dividend growth is expected to slow down to 5% per year.

Finally, after Year 10, annual dividend growth will slow down to its long-run annual rate of 2%.

If investors' required rate of return is 12%, what is the current price of Stagegro's stock?

Reference no: EM131993704

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