Question: Analysts forecast that Dixie Chicks, Inc. ( DCI ) will pay a dividend of $ 4 . 0 0 a share now, continuing a long

Analysts forecast that Dixie Chicks, Inc. (DCI) will pay a dividend of $4.00 a share now, continuing a long-term growth trend of 7% per year. If This trend is expected to continue indefinitely, and investors' required rate of return for DCI is 13% :
a) What is the market value per share of DCI's common stock?
b) What is the market value per share of DCI's common stock if required rate of return is 10%?
c) If there is expected to be non-constant growth of 35% for the first year, then 25% for the next year, then 15% for next year, finally stabilizing to a constant growth of 8% per year in the 4th year what is the market value per share with the original required rate of return?
SHOW ALL WORK IN AN EXCEL FORMAT FOR A LIKE.
 Analysts forecast that Dixie Chicks, Inc. (DCI) will pay a dividend

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