Question: Solve the problem. Show your work and equations! Please do not show screenshots of Excel as your work shown. 3. The Company dividend appears to

Solve the problem. Show your work and equations! Please do not show screenshots of Excel as your work shown.

3. The Company dividend appears to grow smoothly at a constant rate of 5.5%. Analysts forecast that next year's dividend should equal $3.8. Investors require 14% return on this class of stock. What would be the price in 7 years? Use annual compounding

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