Question: Homework: Chapter 7 Homework. Question 17, B7-27 (static) HW Score: 88.24%, 15 of 17 points Points: 0 of 1 Save Peterson Packaging Inc. does not

Homework: Chapter 7 Homework. Question 17, B7-27 (static) HW Score: 88.24%,

Homework: Chapter 7 Homework. Question 17, B7-27 (static) HW Score: 88.24%, 15 of 17 points Points: 0 of 1 Save Peterson Packaging Inc. does not currently pay dividends. The company will start with a $0.50 dividend at the end of year three and grow it by 10% for each of the next six years. After six years of growth, it will fix its dividend at $1.00 forever. If you want a 15% return on this stock, what should you pay today given this future dividend stream? If you want a 15% return on this stock, what should you pay today given this future dividend stream? $ (Round to the nearest cent.)

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