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What is the estimated value per share of boehm stock

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Reference no: EM132900136

Problem 1: Boehm Incorporated is expected to pay a $1.30 per share dividend at the end of this year (i.e., D1s = $1.30). The dividend is expected to grow at a constant rate of 6% a year. The required rate of return on the stock, r, is 17%. What is the estimated value per share of Boehm's stock? Do not round intermediate calculations. Round your answer to the nearest cent.

Reference no: EM132900136

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