Sailsboro just paid a dividend of $1.5 per share. Dividends are expected to grow at 12%, 9%, 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 10 percent to invest in Sailsboro’s common stock. Compute the value of Sailsboro’s common stock today

Sailsboro just paid a dividend of $1.5 per share. Dividends are expected to grow at 12%, 9%, 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 10 percent to invest in Sailsboro’s common stock. Compute the value of Sailsboro’s common stock today

Sailsboro just paid a dividend of $1.5 per share. Dividends are expected to grow at 12%, 9%, 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 10 percent to invest in Sailsboro’s common stock. Compute the value of Sailsboro’s common stock today