In 2013, Stock A just paid an annual dividend of $2 per share. The dividend is expected

Question:

In 2013, Stock A just paid an annual dividend of $2 per share. The dividend is expected to grow 4%, 3%, and 2% in 2014, 2015, and 2016, respectively. After that, it is expected that the dividend will not grow any more in the future. Given that the required return is 6%, complete the following table and calculate the value of the stock.