12 Non-constant Dividends
The Board of Directors of Sigma, Inc. announced the following dividend schedule for the next 4 years: $5.80,
$16.80, $21.80, and $3.60. After that, they have decided to maintain a constant dividend growth rate of 5.75%
forever. The required return on the stock is 8%
What is the current share price?
(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.34.)
? Answer is complete but not entirely correct.
Share price
$
155.98