Question: 6. Afirm has just declared that its dividend next year will be $4.80 per share. That rate of payment will continue for an additional 4

6. 6. Afirm has just declared that its dividend next year will be

Afirm has just declared that its dividend next year will be $4.80 per share. That rate of payment will continue for an additional 4 years, after which the dividends will fall back to their usual $3.80 per share. The discount rate is 11 percent. What is the present value of all the future dividends? (Round answer to 2 decimal places, eg, 125.12. Do not round your intermediate calculations.) Present value of all future dividends $ $

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