Seeing if this feature works

Solutions to test bank problems - stocks 34. A stock has an expected annual return of 8.2% and is expected to pay annual dividends forever. The first annual dividend is expected in 1 year and all subsequent annual dividends are expected to grow at a constant rate of 2.9% per year. The dividend expected in 1 year from today is expected to be $68.50. What is the present value (as of today) of the dividend that is expected to be paid in 5 years from today? Time 2 5 Dividend 0 DI D1 x (1.029) D1 X (1.029)- DJ x (1.029) D1 x (1.029) Dividend 68.50 x 68.50 x 68.50 x 68.50 x 0 65.50 (1.029) (1.029)- (1.029) (1.029)