Finance Homework Question, Please Help

Posted on 2014-03-11 08:21:00 in Finance by SHELBY

Staggert Corp. will pay dividends of $5.00, $6.25, $4.75, and $3.00 in the next four years. Thereafter, the company expects its dividend growth rate to be constant at 6.0 percent. If the required rate of return is 20.0 percent, what is the current value of the stock? (Round intermediate calculations and final answer to 2 decimal places, e.g. 15.25.)



I'd love help on how to work this. Thanks!

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