Question: Boehm Incorporated is expected to pay a $ 1 . 6 0 per share dividend at the end of this year ( i . e

Boehm Incorporated is expected to pay a $1.60 per share dividend at the end of this year (i.e., D1= $1.60). The dividend is expected to grow at a constant rate of 9% a year. The required rate of return on the stock, rs, is 15%. What is the estimated value per share of Boehm's stock?

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