Round your answer to the nearest cent.

per share

Zero Growth Stocks:

The constant growth model is sufficiently general to handle the case of a zero growth stock, where the dividend is expected to remain constant over time. In this situation, the equation is:

$V_{ps}=\frac{D_{ps}}{r_{pe}}$

divided by the required rate of return.

round intermediate calculations. Round your answer to the nearest cent.

$$,$ per share

Nonconstant Growth Stocks:

growth equations are combined to arrive at the nonconstant growth valuation equation:

widehat$(P{)}_1=\frac{D_1}{(1+r_8{)}^1}+\frac{D_2}{(1+r_s{)}^2}+$cdots$+\frac{D_N}{(1+r_s{)}^N}+\frac{\text{h}\text{a}\text{t}(P{)}_N}{(1+r_g{)}^N}$

per share