Question: If the current dividend is 1 . 5 and increases by 0 . 0 7 per year ( as a decimal ) . The required

If the current dividend is 1.5 and increases by 0.07 per year (as a decimal). The required return as a decimal is 0.14 and the company decides to make its last dividend payment in 6 years.
What would be the price of the stock today (year 1) if it is based on the expected dividend payment stream? (use 2 decimal places)
If the current dividend is 1.5 and increases by 0.07 per

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