Question: Please answer this question as soon as you can please. I will give you positive rating instantly. Thank you The Bay Company last paid their

 Please answer this question as soon as you can please. I

Please answer this question as soon as you can please. I will give you positive rating instantly. Thank you

The Bay Company last paid their dividend of $2.7 to the stockholders. For the first 4 years the dividend will grow at a 5% and then the rate of growth changes to 4% percent for the foreseeable future. The required rate of return is 11 percent. If you want to buy the stock maximum how much you should pay for it? Marks 10

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