Question: Problem 8 - 1 6 Non - Constant Dividends ( LO 1 ) Chamberiain Corporation is expected to pay the following dividends over the next

Problem 8-16 Non-Constant Dividends (LO1)
Chamberiain Corporation is expected to pay the following dividends over the next four years: $12.50,$8.50,$750, and $3.00.
Afterward, the company pledges to maintain a constant 4% growth rate in dividends forever. If the required return on the stock is 188.
what is the current share price? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit s sign in
your response.)
Current share price $
Problem 8-16 Non-Constant Dividends (LO1) Chamberiain Corporation is expected to pay

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