What is value per share of D-CJ Research Inc common stock

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Question - Your assistant has estimated (forecast) the dividends expected for the common stock of D&CJ Research, Inc. Over the next three years there will be not dividends, the dividends are expected to begin in year 4 and $.42, $1.75, and $3.45, in years 4, 5, and 6 respectively. Thereafter, dividend payments are estimated to grow at 2.40% per year. You are considering the purchase of D&CJ stock. If you require a 13.50% rate of return, what is the value per share of D&CJ Research, Inc. common stock?

Reference no: EM133015509

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