Question: Question 47 If 1) the expected return for Litchfield Design stock is 12.51 percent; 2) the dividend is expected to be 3.8 dollars in 1

Question 47 If 1) the expected return for Litchfield Design stock

Question 47 If 1) the expected return for Litchfield Design stock is 12.51 percent; 2) the dividend is expected to be 3.8 dollars in 1 year(s), 4.12 dollars in 4 years, and 8.84 dollars in 8 years, and 3) after the dividend is paid in 8 years, the dividend is expected to grow by 2.95 percent per year forever, then what is the current price of the stock? If no expected dividend is mentioned for a given year, assume the expected dividend is $0 for that year. point umber Help Number

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