Question: Please explain answer for will you pay for a share today? Non-Constant Growth and Quarterly Dividends 6.37 Pasqually Mineral Water Inc. will pay a quarterly

Please explain answer for

6.37 Pasqually Mineral Water Inc. will pay a quarterly dividend per share

will you pay for a share today? Non-Constant Growth and Quarterly Dividends 6.37 Pasqually Mineral Water Inc. will pay a quarterly dividend per share of $0.80 at the end of each of the next 12 quarters. Thereafter, the dividend will grow at a quarterly rate of 1 percent, forever. The appropriate rate of return on the stock is 10 percent, compounded quarterly. What is the current stock price?

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