Little Feet Shoe Co. has just paid a dividend of $1.65 on its common stock. Dividends from this company are expected to grow at a constant rate of 3% indefinitely. If the required rate of return on this stock is 8%, find the present value per share of LFS stock. (Please show your calculation)

Answer rating: 100% (QA)

The formula for the Gordon Growth Model is Present Value Dividend R... View the full answer