Question: Please solve in solve in EXCEL and show work LOD has never paid a dividend before - but that is changing because the new leopard
Please solve in solve in EXCEL and show work

LOD has never paid a dividend before - but that is changing because the new leopard print dress is generating way too much cash for LOD to reinvest in itself. Last year LOD paid no dividend. Next year LOD will also pay no dividend, then they will pay a $.25 dividend, $.35 in year three, then dividends will increase by 5.5% annually. How much are you willing to pay for one share of LOD stock today if your required rate of return is 12%? HINT: What is today's price of any financial asset? Do this like a super normal growth
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