This year Monona Air Cleaners Inc. will pay a dividend on its stock of $6 per share.

Question:

This year Monona Air Cleaners Inc. will pay a on its stock of $6 per share. The following year the is expected to be the same, increasing to $7 the year after. From that point on, the is expected to grow at 4% per year indefinitely. with similar risk are currently priced to provide a 10% expected return. What is the intrinsic value of Monona stock?
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...