Question: Using the information from the prior queston, what would be the price if the $18 dividend was payable in 2 years? You recently bought stock

Using the information from the prior queston, what would be the price if the $18 dividend was payable in 2 years?

You recently bought stock in UWM, a new for-profit company. As a savvy investor, you require a stock return of 20%. You were comfortable buying this stock because the company said they were going to pay a dividend of $18 per share starting next year. They have promised an annual growth rate of 7%. What price did you pay based on this information

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