Blackhawk just paid a dividend of $2.56 and is expected to increase the future dividends at a rate of 5% per year indefinitely.If you as a shareholder require 15% per year what is the current price per share?HInt: A dividend was "just paid", so that means D at time zero.

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To calculate the current price per share using the dividend discount model DDM we can use the fo... View the full answer