Question: How do I do this using excel 11: $45.45 12: $50 13: 10% The com pany projects the earnings and dividends to grow at 8%

 How do I do this using excel 11: $45.45 12: $50How do I do this using excel

11: $45.45 12: $50 13: 10% The com pany projects the earnings and dividends to grow at 8% per year for the first 3 years, but after Problem: that the company will have constant growth of the company's stock today? Assume that the investor 4%. The current dividend was $1.50 per share, what is the price of s require a 10% rate of return. Answer: $29.01

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